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Project Structure

 

Kannur International Airport Ltd is an Unlisted Public Company promoted by Government of Kerala, to build and operate airport of International standards at Mattannur, Kannur Dist, the northern part of Kerala, primarily to cater the need of large NRI population in the region who travel frequently to various international destinations, the flourishing business community and tourists. The area is of immense tourist potential and attracts both domestic and international tourists. The airport is now planned to be commissioned in September 2017. The phase I project cost is Rs. 1892 crore which is being funded by equity capital of Rs. 1000 crore and debt 892 crore. Recently Authorised Capital of the Company was increased from Rs. 1000 crore to Rs. 1500 crore to fund the runway extension from 3050 metres to 3400 metres

The present Capital structure and share holding pattern of the Company is:

Government of Kerala (Promoter)                     :  35%

PSUs owned by Govt. of Kerala                         : 2.32%

Bharat Petroleum Corporation Ltd(Central PSU)  : 21.68%

Airports Authority of India                                : 10%

Private Sector                                                 :  31%