Kannur International Airport

REC Limited and Kannur International Airport Limited (KIAL) have announced a financial partnership today. Under this partnership, REC will extend financial assistance to KIAL.

 Friday , 27 Sep 24

REC Limited and Kannur International Airport Limited (KIAL) have announced a financial partnership today. Under this partnership, REC will extend financial assistance to KIAL.

An agreement was executed by Mr. Dinesh Kumar C, Managing Director, KIAL and Mr. M Uday Kumar, Chief Program Manager, REC LImited, Trivandrum on 25th September 2024 to give effect to this partnership.

The financing will unlock new avenues of growth for KIAL, reduce cost of borrowing and facilitate an enhanced experience for the user of Kannur International Airport.

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).

REC has assets under management of nearly Rs 5.3 Lakh Crore and is playing a stellar role in development and modernisation of infrastructure.

Kannur International Airport Limited (KIAL) owns and operates a world class international airport serving the city of Kannur and acts as a gateway to North Kerala and neighbouring regions of Tamil Nadu and Karnataka.

Related News

View All
  • image Monday , 09 Dec 24
    Kannur International Airport began its 6th anniversary celebrations

    Kannur International Airport began its 6th anniversary celebrations with ...

  • image Friday , 27 Sep 24
    REC Limited and Kannur International Airport Limited (KIAL) have announced a financial partnership today. Under this partnership, REC will extend financial assistance to KIAL.

    REC Limited and Kannur International Airport Limited (KIAL) have announce...

  • image Thursday , 15 Feb 24
    " Kerala chief minister Shri pinarayi vijayan unveiled the kannur airport magazine - WECNN at his office "

    ...

  • image Thursday , 07 Sep 23
    Visit of Parliament Standing Committee on Travel, Tourism and Culture

    Visit of Parliament Standing Committee on Travel, Tourism and Culture on ...

  • image Friday , 29 Sep 23
    Kannur International Airport has achieved a remarkable milestone of 5 million cumulative passengers on 28 September 2023

    Kannur International Airport has achieved a remarkable milestone of ...

  • image Tuesday , 09 May 23
    e-Visa facility available at Kannur International Airport

    Kannur International Airport has been designated as an authorised ICP for...