General Announcement::Intimation

Issuer & Securities

Issuer/ Manager
GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED
Securities
GMRHYDERABUS$350M4.25%N271027A - US36256WAA27 - 83DB
GMRHYDERABUS$350M4.25%N271027R - USY3004WAA00 - 83EB
GMRHYDERABUS$300M5.375%240410R - USY3004WAB82 - ERCB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-Apr-2020 22:02:19
Status
New
Announcement Sub Title
Intimation
Announcement Reference
SG200403OTHRIW6V
Submitted By (Co./ Ind. Name)
Anup Kumar Samal
Designation
Company Secretary
Effective Date and Time of the event
03/04/2020 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is to inform that Airports Economic Regulatory Authority of India ( AERA or the Regulator ) has issued Tariff Order for the second control period (April 01, 2016 till March 31, 2021) for GMR Hyderabad International Airport Limited ( GHIAL or the Company ) considering 30 percentage Hybrid Till, to be implemented from April 1, 2020 and to be effective for upto March 31, 2021 after which new tariffs would be applicable for next control period of 5 years. Upon implementation of this Tariff Order, the User Development Fee ( UDF ) on domestic and international departing passengers shall be levied at Rs.281 and Rs.393, respectively. The detailed Order is available on the AERA website.

Since GHIAL is embarked on capacity expansion and significant work shall be capitalized at the beginning of third control period and GHIAL shall endeavor with the Regulator to make third control period (April 01, 2021 to March 31, 2026) tariff notification before the commencement of control period.

Attachments

Intimation to SGX by GHIAL 03-04-2020 on AERA Order Impact.pdf
Total size =115K