HPCL to Acquire Stake in Kannur International Airport in Exchange of Rights
HPCL to acquire stake in Kannur International Airport Ltd (KIAL) in exchange for exclusive rights to design, develop, operate and maintain all fuel facilities and into-plane operations at the airport. It is geared to buy an 11% stake worth Rs 55 crore in the Kerala government’s Greenfield airport, Kannur International Airport Ltd and it is expected to be operational by 2015. (more…)
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