Indian infrastructure giants GMR and GVK are considering appealing the Airport Economic Regulatory Authority's (AERA) recent order to regulate airport revenues, according to a report in the Economic Times.
AERA passed an order last month that airport operator's revenues will be regulated on the basis of the single till approach. GMR and GVK operate Delhi and Mumbai airports, respectively. GMR stated the model would make it "very cautious" in bidding for any new airport projects in the country, including Navi Mumbai. See related report: Navi Mumbai Airport finally receives environmental approval
GMR Infrastructure's shares rose 1.2% yesterday.
Selected airport daily share price movements (% change): 07-Feb-2011