In a significant financial development, the Chandigarh International Airport Limited (Chial) has disbursed substantial interim dividend payments to the state governments of Punjab and Haryana. The joint venture company, which operates the Shaheed Bhagat Singh International Airport, presented cheques worth Rs 19,00,12,083 each to the chief ministers of both states for the financial year 2025-26.
A Joint Venture Success Story
The dividend distribution underscores the successful partnership model of the airport. Chial CEO Ajay Kumar explained the ownership structure, noting that the Airports Authority of India (AAI) holds a controlling 51% stake in the venture. The remaining 49% is equally split between the two states, with Punjab, through the Greater Mohali Area Development Authority (GMADA), and Haryana, via the Haryana Shahari Vikas Pradhikaran (HSVP), each holding a 24.5% equity share. This collaborative approach has been fundamental to the airport's growth trajectory.
Formal Handover to Chief Ministers
The dividend cheques were formally presented in Chandigarh. The cheque for Punjab's share was handed over to Chief Minister Bhagwant Mann. During the ceremony, Chial officials acknowledged the continuous support provided by the Punjab government, which has been instrumental in the expansion and development of the Shaheed Bhagat Singh International Airport.
Similarly, the corresponding cheque for Haryana was presented to Chief Minister Nayab Singh Saini. The company expressed its gratitude to the Haryana government for its crucial assistance in strengthening the airport's infrastructure and smoothing its daily operations. The dividend payout was authorized by the Chial board, which declared an interim dividend of 8% on the face value of Rs 10 per equity share during its meeting on December 12.
Reflecting Stability and Future Commitments
Senior officials highlighted that this substantial dividend payment is a direct reflection of Chial's stable financial performance and consistent operational growth. The airport has managed to enhance its services and passenger footfall despite broader industry challenges.
Looking ahead, the company has reiterated its commitment to working with all stakeholders to further improve the travel experience. The focus areas include enhancing passenger facilities, boosting regional and national connectivity, and elevating overall service standards. This dividend not only rewards the investing state governments but also signals a healthy and sustainable future for one of North India's key aviation hubs.
