|Company Name:||Bengaluru International Airport Ltd|
|City:||Devanahalli 560300 bangalore-international-airport-ltd Karnataka|
|Tel:||0888 499 8888 /080-6678 2425 /6678 3366|
|Brands Owned :|
About the Company :
Bangalore International Airport Ltd (BIAL) is a Special Purpose Vehicle held by Fairfax holdings (38% holding), Siemens Project Ventures GmbH, Germany (26%), GVK Group (10%), Airports Authority of India (AAI) (13%), and Karnataka State Industrial and Infrastructure Development Corporation Limited (KSIIDC) (13%) which was formed to set up a greenfield international airport on a Build-Operate-transfer (BOT) basis at Devanahalli, near Bangalore. The airport commenced operations on May 24, 2008. BIAL has a 30-year concession for the maintenance and operation of the Devanahalli airport, extendable for a further 30 years at BIAL’s option. The airport, constructed at a budgeted total cost of Rs. 2471 crore, had an initial handling capacity of 11.5 million passengers per annum. In FY2014, BIAL also completed expansion of Terminal 1 with a total cost of Rs. 1547 crore to enhance the passenger handling capacity of the airport to 20 million passengers per annum.
In June, 2017, GVK Group has announced plans to completely exit from BIAL by further divesting its 10% stake to Fairfax Holdings. The divestment process is yet to be completed. The Master Plan envisages a terminal capacity of 55 million passengers per annum by the end of the 30- year term of the Concession Agreement.
In January 2018, the company has tied up Ekolog Ltd, a Polish company, to implement waste management facility project under Design- Build-Own-Operate (DBOO) basis. The Phase 1 will have the capability to process 20 TPD (tonnes/day) and will be scalable to 60 TPD
In April 2018, Bangalore International Airport (BIAL) is set to raise about USD 2.0 billion for building a new terminal and runway, which are expected to become operational within three years. The company is expected to raise funds at 0.25-0.50 over the MCLR (marginal cost of funds-based lending rate) with a tenure of about 15 years.
In October 2018, the airport is set to commission 3.35 roof top solar power plant . Currently, the airport premises has over 3 MW in its premises and is expected to generated 8.5 MW of green power, with other roof top solar projects .
In April 2019, the company is raising ₹ 10,200 crore through a syndicated loan facility, to meet increasing corporate demand for resources and the willingness of banks to open credit lines for companies.
|B Srinivas||– General Manager|
|G V Sanjay Reddy||– Managing Director|
|Bhaskar Bodapati||– Director|
|Hari Marar||– President, Airport Operations|
|Bhaskar Anand Rao||– CFO|
|Satyaki Raghunath||– Chief Strategy and Development Officer|
|Other Office Address|
|Corp Office Administration Block Devanahalli Devanahalli 560300 bangalore-international-airport-ltd Karnataka 0888 499 8888 /080-6678 2425 /6678 3366|
|Products & Services Offered|