Kochi: Cochin International Airport Limited (CIAL) has registered its highest-ever revenue of Rs. 1,142 crores and a net profit of Rs. 489.84 crores in the last financial year. The company’s 31st Annual General Meeting held today also endorsed the Board of Directors’ recommendation of a 50% dividend for the 30,000 shareholders from across 30 countries.
Addressing the shareholders, Chief Minister, Shri Pinarayi Vijayan, also the Chairman of CIAL Board, informed that CIAL has been implementing infrastructure development projects worth Rs. 1,400 crores during the current fiscal. “This year has been remarkable for CIAL, not only in terms of financial growth but also operational excellence and passenger satisfaction. For the third consecutive year, Kochi Airport handled more than 10 million passengers, and managed 76,068 aircraft movements during this period.”
Large-scale infrastructure projects at CIAL are progressing rapidly. The international terminal expansion is advancing, with 50% of the new apron construction completed and terminal works underway. New facilities, including the Import Cargo Terminal, Animal Quarantine Facility, 0484 Aero Lounge, and the Taj Hotel, are expected to commence operations shortly. In addition, CIAL has launched CIAL 2.0, a comprehensive program for the full digitisation of airport operations.
Non-aeronautical initiatives are also moving ahead at pace. A commercial zone aimed at boosting revenue and a Golf Tourism project are under development. CIAL’s renewable energy achievements, with a total installed capacity of 50 MW, have earned international recognition. Excess solar power produced during the day is supplied to the grid, while a battery energy storage system (BESS) project for nighttime utilisation of solar energy is underway and expected to be commissioned within the current fiscal year. Meanwhile, the green hydrogen production project, implemented in collaboration with BPCL, has entered its final stage. “The growth of the aviation sector will create significant opportunities across employment, tourism, hospitality, and infrastructure development,” the CM added.
The AGM, conducted online, was attended by Minister, P Rajeev; Chief Secretary, Dr A Jayathilak; CIAL MD, S Suhas; and Company Secretary, Saji K George.