Karnataka govt stakeholder KSIIDC receives Rs 16.49 cr dividend from BIAL
Bengaluru, May 25
Bengaluru International Airport Limited on Monday handed over a dividend of Rs 16,49,93,400 to the Karnataka State Industrial and Infrastructure Development Corporation for the financial year 2025-26, marking the first dividend payout by the airport operator since 2017-18.
The dividend cheque was received by Chief Minister Siddaramaiah from BIAL Chairman Hari Marar at an event held in Bengaluru. Large and Medium Industries Minister MB Patil, Chief Secretary Shalini Rajneesh and KSIIDC Managing Director Khushbu Goel were also present on the occasion.
According to Patil, BIAL declared a dividend of Rs 3 per share for FY2025-26, resulting in a total payout of Rs 16.49 crore to KSIIDC. After tax deduction, the state undertaking received a net dividend of Rs 14.84 crore.
The minister said the dividend reflects the strong financial performance and operational stability of Bengaluru International Airport Limited.
He added that in the intervening years since 2017-18, the company had not distributed dividends as profits were reinvested into major infrastructure expansion and capacity enhancement projects at Kempegowda International Airport, Bengaluru.
He further stated that these investments were aimed at strengthening airport operations, upgrading infrastructure and managing rising passenger traffic at one of India's busiest airports.
KSIIDC, which represents the Karnataka government in the company, holds a 13 per cent equity stake in Bengaluru International Airport Limited.
The Airports Authority of India also holds a 13 per cent stake, while FIH Mauritius Investments Limited and Anchorage Infrastructure Investments Holdings Limited own 30.36 per cent and 43.64 per cent respectively.
— ANI
Reader Comments
Finally some returns! BIAL has been expanding like crazy - that new terminal and runway. No wonder they held back dividends for 7 years. As a frequent flyer from Whitefield, I've seen the transformation. The airport is world-class now. Just wish the traffic to get there was better! 😤
Rs 16.49 crore is a decent amount but let's not get too excited. KSIIDC holds 13% equity, so Rs 3 per share dividend is modest. Private players like Fairfax and Anchorage are laughing all the way to the bank with their 74% stake. The government should renegotiate the shareholding structure - airports are strategic assets, not just cash cows for foreign funds.
Great news for Karnataka! This dividend shows BIAL is financially healthy. But I wonder - if they reinvested profits for 7 years, why only Rs 3 per share now? Ticket prices and parking fees have skyrocketed during that time. Hope the CM and ministers focus on keeping airport charges reasonable for common people, not just corporate dividends.
As an expat living in Bengaluru for 5 years, I've watched KIA grow from a regional airport to an international hub. The new terminal is stunning. But it's odd that the government gets a tiny dividend while private firms control most of the equity. Feels like India is selling its crown jewels sometimes. Still, happy for Karnataka's finances.
Good financial management by BIAL, but what about all the noise and pollution around the airport? The expansion has displaced many families. The government should use this dividend to compensate affected communities in Devanahalli and surrounding areas
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