Thiruvananthapuram: The Bharat Petroleum Corporation Limited will invest Rs. 170 crore in the proposed Kannur International airport.
Minister for Ports K. Babu said in a statement here on Friday that the Corporation had communicated the decision of its director board to subscribe to 21 per cent of equity in the airport project to the State government. The decision followed talks the Chief Minister Oommen Chandy had with the Corporation authorities.
The Minister said that the State public sector units, Kerala Minerals and Metals Limited and the State Beverages Corporation, had already brought equity worth Rs. 5 crore each in the project while the State Financial Enterprises had invested Rs. 10 lakh.
04/05/12 The Hindu
0 comments:
Post a Comment