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GMR Infrastructure gets High Court nod for collection of Hyderabad airport charges

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Capital Market

On 06 October 2015

GMR Infrastructure announced that pursuant to the policy direction by Ministry of Civil Aviation (MoCA) to adopt Hybrid Till with 30% cross subsidization for Hyderabad Airport and pending compliance, GHIAL had filed a writ petition with High Court at Hyderabad seeking approval to collect tariff/airport charges as was being collected prior to 01 April 2014.

On 06 October 2015, the High Court at Hyderabad has given/issued a ruling in favour of GHIAL which will now enable Hyderabad airport to collect tariff as was earlier collected.

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First Published: Oct 08 2015 | 11:26 AM IST

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