Airports:
Delhi Airport
- The Air traffic movement in the quarter under review has declined marginally from 59332 to 59298. The over all passenger growth have declined by 9% from 6.24 million to 5.59 million in the quarter and has declined by 4% to 16.97 million in the nine months ended period.
- Delhi and Hyderabad airports control 27% of passenger traffic in India.
- GMR holds 50.1% of the stake in Delhi air port consortium, with a total equity is around USD 2244 million.
- The company has completed modernization of existing terminals T1 and T2 in December 08. The construction of Green field Terminal T3 is to be completed by March 2010.
- This airport has received a Rating of 3.26 for Quality standards on the ASQ Rating Scale. Around 58 foreign airlines along with 10 domestic airlines are currently under operation.
- For the nine months period ended FY 08 the Composition of Domestic to International Passengers has been 70:30 and that of Domestic to International ATM’s has been 75:25.
- The overall cargo handled in the quarter declined by 5% to 77 million tons and that of nine months period has increased by 3% to 255 million tons.
- The Net revenues from Delhi Airport has increased by 22% Rs 131 crore. EBITA increased by 19% to Rs 32 crore, and PAT was at a loss of Rs 14 crore as against profit of Rs 15 crore in the corresponding previous quarter.
- The composition of Non Aero Revenue to Aero revenue for the nine months ended December 08 is 64%:36%
- The total capital expenditure for the quarter ended December 08 is Rs 5359 crore. Break up: Rupee Loan Disbursed: Rs.2881 Crore with Debt to Equity ratio of 1.25:1 at all times. Shareholders Funds infused are Rs.2490 Crore comprising of Equity Rs. 700 crore, Internal Accruals of Rs.40 Cr and Rs.1750 crore as Advance against Lease Deposits.
Hyderabad Airport
- The Hyderabad Airport was the India’s first PPP Green field airport and GMR has 63% of share holding as Consortium partners.
- This airport currently runs 13 foreign airlines (including British airways and Air Arabia) and 11 domestic air lines. Etihad air ways is to start operations from June 09.
- The company under UDF charges collection’ collects Rs 375 per departing Domestic passenger and Rs 1000 per departing international passenger.
- The Passenger Traffic for nine months ended FY09, has declined by 8.63% over that of corresponding previous period. The Cargo Traffic for FY09 has grown by 13.78% over that of FY08
- For the nine months ended FY09, the Composition of Domestic to International Passengers has been 75:25 as against 79:21 in corresponding previous period.
- The Air Traffic Movements for nine months ended FY09 have increased at1.24% over that of FY08 9M
- For the period ended FY09 Q3, the Composition of Domestic to International Passengers has been 73:27 as against 74:26 in FY09 Q2 and 78:22 in FY09 Q1.The Cargo Traffic for FY09 Q3 has declined by 4% over that of FY09 Q2, as compared to a 3.38% growth in FY09 Q2 over that of FY09 Q1.
- The composition of Non Aero Revenue to Aero revenue for the quarter ended December 08 is 44%:56%
- The Air Traffic Movements for FY09 Q3 has increased by 3.85% over that of FY09 Q2, as compared to a 14% decrease in FY09 Q2 over that of FY09 Q1
- For the period ended FY 09 Q3, the Composition of Domestic to International ATMs has been 83:17 as against 85:15 in FY 09 Q2 and 88:12 in FY09 Q1
**Sabiha Gokcen International Airport – Turky
- The passenger Traffic for FY 08 has increased by 15% over that of FY 08. The air traffic movements for FY 08 have increased by 12.52% over that of FY 07.
- For the nine months ended FY 08, the composition of domestic to international passengers has been 64:36 as against 68:12 in FY 07
- The air traffic movements for FY08 has increased by 12.52% over the corresponding previous period.
Power
- Power segment of the company fared well during the quarter under review. All the three power plants of the company are operational in the quarter under review. The 380 gas based power plant in Andhra Pradesh was operational with a PLF (plant Load Factor) of greater than 45%.
- The Manglore based 220 MW Naptha based plant has resumed production from 4 Nov 08, and is working at 85% PLF and the Chennai based 200 MW low sulphur Heavy stock is working at 80% PLF.
- During the period, the company has traded around 320 million units of power and is also expected to become a member of power stock exchange of India.
- The company has 2 coal based power projects which were about to commence in FY12 and FY 13. The other 5 projects are hydro based projects which are expected to commence from FY15.
- The company is in the process of acquiring 100% of CCOW having extractable reserves of 104 million tones at a value of USD 100 million. The initial development period would be million tones.
- In FY 08, the company has acquired AIG Highstar’s 50% stake in Intergen which has Net capacity of 12766 MW in different countries on the globe.
Road Projects
- The company’s Ambala Chandigarh road project of 35 kms was opened for commercial operations.
- The Faruknagar – Jadcherla, Pochampalli and Tindivanam-Ulundurpet projects were scheduled to get operational from February, March and April 2009 respectively.
- The company has recently foray into Krishnagiri Special Economic Zone with partnership of TIDCO- focusing on Bio Technology, IT and ITES, trading electronics and engineering companies. The projected cost estimates for first phase is around Rs 10 billion, covering land of 250 acres.