The GVK Power and Infrastructure today informed the Airports Economic Regulatory Authority that it is unable to put additional equity infusion into Mumbai International Airport Limited (MIAL).
Reacting to the development, the Airports Economic Regulatory Authority (AERA) said that it would consult the Airports Authority of India (AAI) on the matter, a CNBC-TV18 report said.
The AERA final order on the airport charges for MIAL is expected on 31 December.
The AAI had earlier proposed a Rs 239 crore equity into MIAL to abolish the airport development fee.
In October, Civil Aviation Minister Ajit Singh directed MIAL and Delhi International Airport Limited (DIAL) to abolish airport development fee from 1 January next year.
30/11/12 First Post
