New Delhi: Airports Authority of India (AAI) has achieved ‘Excellent’ rating under MoU 2022-23, signed with Ministry of Civil Aviation. The Department of Public Enterprises has communicated AAI’s MoU score of 91.50 with final rating as ‘Excellent’.
AAI made a commendable comeback after civil aviation industry faced a severe impact during COVID-19 Pandemic with earning of Rs 11,424 Crore as Revenue from Operations under MoU 2022-23. AAI has incurred highest ever Capital Expenditure of Rs 5,175 crore under MoU 2022-23, which was utilized to enhance and expand airport facilities, upgrade technology, and improve operational efficiency, leading to safer, more convenient and seamless travel experience for all at AAI Airports.
The ‘Excellent’ rating under MoU 2022-23 has paved a way for AAI to achieve higher scales in future.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)