Infra, airline shares head up on airport capacity expansion plan
ETMarkets.com|
Feb 01, 2018, 12.34 PM IST
With a view to giving an impetus to air travel, Finance Minister Arun Jaitley in his Budget speech stated that the government is aiming to expand airport capacity by 5 times to handle 1 billion trips a year.
GMR Infra and GVK Power climbed over 2.50 per cent and 4 per cent, respectively, at around 12.10 pm.
On the other hand, the benchmark BSE Sensex was trading up 123 points, or 0.34 per cent, at 36,088.
Aviation majors, including InterGlobe Aviation, Jet Airways and SpiceJet advanced 0.70 per cent, 1.35 per cent and 8.69 per cent, respectively.
Milind Kothari, Managing Partner, BDO India, said, "Large investment focusing on improving the infrastructure with coverage of airports with the Airport Authority of India is commendable to improve the much-needed connectivity for the development of number of towns to the mainstream economy."
GMR Infra and GVK Power climbed over 2.50 per cent and 4 per cent, respectively, at around 12.10 pm.
On the other hand, the benchmark BSE Sensex was trading up 123 points, or 0.34 per cent, at 36,088.
Aviation majors, including InterGlobe Aviation, Jet Airways and SpiceJet advanced 0.70 per cent, 1.35 per cent and 8.69 per cent, respectively.
Milind Kothari, Managing Partner, BDO India, said, "Large investment focusing on improving the infrastructure with coverage of airports with the Airport Authority of India is commendable to improve the much-needed connectivity for the development of number of towns to the mainstream economy."
