Abhishek Securities

CIAL ‘s profit rises 16.25 % to 144.57 cr;Offers dividend at 21% Cochin International Airport Limited (CIAL), the company that built and operates the country’s first PPP airport reported a record profit (after tax) of 144.57 cr. during the 2014-15 fiscal, which is up by 16.24 % that of last FY. The CIAL board meeting, chaired by Hon. Chief Minister Mr.OOmmen Chandy has declared that the company’s profit before tax stood at Rs. 179.30 cr. It was Rs. 157.46 cr. in the last year. Driven by the constant efforts of business diversification across both aviation and non aviation verticals, the company shows a robust growth over the years as the total revenue for the 2013-15 FY increased by 14.55 % to Rs 413.96 cr against Rs. 361.39 cr that of last FY. The board of directors recommended a dividend of 21 %. The company has been showing consistent growth since its inception and paying dividend unfailingly since 2003-04 and the total pay-out dividend has reached 132 % in the last FY. The co...

CIAL Rights Issue 2015 - Book Closure Notice COCHIN INTERNATIONAL AIRPORT LIMITED CIN: U63033KL1994PLC007803 Registered and Corporate Office: Room No 35, 4th Floor, GCDA Commercial Complex, Marine Drive, Cochin, Kerala – 682031 Tel: +91 484 2374154; Fax: +91 484 2374154; Email:  cs@cial.aero ; Website:  www.cial.aero RIGHT ISSUE OF 7,65,14,950 EQUITY SHARES Record Date : 24th (Wednesday) June 2015 Issue Opens on : 24th (Friday) July 2015 Issue Closes on : 22nd (Saturday) August 2015 Book Closure Period : 24th June 2015 to 23rd July 2015 (both days inclusive) NOTICE OF RECORD DATE ===================== The Board of Directors of Cochin International Airport Limited at its meeting held on 12th June 2015 decided to offer 7,65,14,950 equity shares of Rs 10/- each (“Equity Shares”) for cash at a premium of Rs.40/- per share (i.e. Issue price Rs 50/- per share) in the ratio of 1:4 (i.e. one equity share for every 4 equity shares held) to the exist...

CIAL all set to become the first solar powered airport in the country After adorning many firsts in its cap, like being the pioneer in PPP model in building an airport to introducing a path-breaking rehabilitation package for evictees, Cochin International airport limited (CIAL) is all set to become the first airport in the country which would be operating on solar power. When the PV panels laid across 45 acres near cargo complex become functional, in near future, Cochin airport will have 50000 to 60000 thousand units of electricity per day to be consumed for all its operational functions, which will technically make the airport ‘ absolutely power neutral ‘.  CIAL has ventured into the Solar PV sector during March 2013, by installing a 100 kWp solar PV Plant on the roof top of the Arrival Terminal Block. This was a trend setter in the field of grid-connected solar PV in the State of Kerala. The plant was installed by the Kolkata based M/s Vikram Solar Pvt. Ltd. 400 n...