https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

AAI Achieves ‘Excellent’ Rating with 94.50 Score in MoU 2023-24

The MoU, formulated as per DPE guidelines, emphasises key financial parameters such as revenue growth, capital expenditure, return on capital employed, and asset turnover ratio. Additionally, sector-specific performance indicators for CPSEs were integral to the evaluation process.
Indian Masterminds Stories

The Airports Authority of India (AAI) has secured an ‘Excellent’ rating with an impressive score of 94.50 out of 100 in the MoU assessment for 2023-24, conducted in collaboration with the Ministry of Civil Aviation. This remarkable achievement has been accomplished under the leadership of AAI Chairman Vipin Kumar.

ADVERTISEMENT

The Department of Public Enterprises (DPE) officially conveyed AAI’s rating, highlighting its outstanding performance. The MoU, formulated as per DPE guidelines, emphasises key financial parameters such as revenue growth, capital expenditure, return on capital employed, and asset turnover ratio. Additionally, sector-specific performance indicators for CPSEs were integral to the evaluation process.

The agreement also incorporates several compliance aspects aligned with government priorities, including procurement from micro and small enterprises (MSEs) owned by SC/ST and women entrepreneurs, as well as corporate social responsibility (CSR) initiatives.

AAI’s investment of ₹5,335 crore in capital projects during the year contributed to significant improvements in airport infrastructure and technology, enhancing operational efficiency. The ‘Excellent’ rating reflects AAI’s commitment to elevating passenger experience and sets a strong foundation for future expansion.

ADVERTISEMENT

Indian Masterminds Stories
Related Stories
NEWS
RailTel Corporation of India Limited 2
RailTel and NBCC Partner to Develop Data Centres in India and Abroad
Punjab_govt_resized
Mohali Court Questions Delay in Prosecution Sanction Against IFS Officer in Punjab Forest Scam Case
IPS-logo-resized_new
2 Senior IPS Officers Charu Sinha & Akun Sabharwal Return to Telangana, Await Postings
Orissa High Court
Orissa HC Extends Interim Protection for IAS Officer Bishnupada Sethi in Bribery Case
BEL Bharat Electronics Limited
BEL Secures Massive Contract for Electronic Warfare Suites for IAF's Mi-17 V5 Helicopters
Raman Kumar Meena IPS
IPS Raman Kumar Meena Appointed as DIG in CBI
Raghav Chandra IAS
Retired IAS Officer Raghav Chandra Appointed Professor of Practice at IIM Calcutta
Dabi Sisters and Dinesh MN
Rajasthan IAS, IPS Asset Disclosure: Dabi Sisters Declare No Property
Videos
Meghashree D R IAS
How Wayanad’s Women Turned a Disaster into a Dream Project
Sudhanshu Shekhar JHA
The IRS Association's Mission Is Beyond Numbers and Returns
Padmapani Bora IRS
The Rise of Assam as India’s Most Exciting Tourist Spot | Exclusive with IRS Padmapani Bora
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
RailTel Corporation of India Limited 2
RailTel and NBCC Partner to Develop Data Centres in India and Abroad
Punjab_govt_resized
Mohali Court Questions Delay in Prosecution Sanction Against IFS Officer in Punjab Forest Scam Case
Videos
Meghashree D R IAS
Sudhanshu Shekhar JHA
Padmapani Bora IRS
ADVERTISEMENT
ADVERTISEMENT