Airports Authority of India (AAI), a Mini Ratna Category – I PSE, has achieved ‘Excellent’ rating with score of 94.50 under MoU 2023-24, signed with the Ministry of Civil Aviation, under the able leadership of Mr Vipin Kumar, Chairman, AAI.
The Department of Public Enterprises has communicated AAI’s MoU score of 94.50 with final rating as ‘Excellent’. Memorandum of Understanding (MoU) between AAI and Ministry of Civil Aviation (MoCA) is signed as per DPE Guidelines wherein major emphasis is on financial targets in terms of growth in Revenue from Operations, Capex, Return on Capital Employed, Asset Turnover Ratio, etc., as well as CPSE sector-specific physical parameter(s). In addition, based on the priorities of the Government of India, certain compliance parameters such as procurement from MSEs including SC/ST & women, CSR etc., are also included in the MoU.
AAI has invested Rs 5,335 crore in capital expenditures under MoU 2023-24 to enhance airport services and technology, and improve operational efficiency, resulting in a safer and more seamless travel experience. The ‘Excellent’ rating achieved lays the foundation for future growth, emphasised a release.