Cochin International Airport Limited (CIAL), India’s first airport built under a public-private partnership model, has reached new heights with its remarkable performance. Its share price climbed an impressive 107% in just one year. In December 2023, CIAL’s shares were valued at ₹230, but by December 2024, they had skyrocketed to ₹475.
The company, valued at an estimated ₹22,700 crore, reported a projected revenue of ₹1,234 crore and a profit of ₹448 crore for the 2023-24 financial year. These figures highlight CIAL's strong financial standing and its potential to deliver consistent growth.
A luxury hotel is set to elevate the airport’s appeal, offering world-class amenities for travellers seeking both convenience and comfort. Additionally, the launch of a state-of-the-art airport lounge aims to cater to premium passengers, enhancing their overall travel experience.
To further strengthen its position, CIAL is focused on boosting passenger traffic by partnering with airlines, introducing new domestic and international routes, and streamlining operational efficiency.
Though unlisted, investing in CIAL is still possible. Shares already issued can be bought on online platforms specialising in unlisted equities. Alternatively, investors can acquire these shares through authorised brokers for a nominal commission.
Kochi's airport has the distinction of being India’s first public-private partnership project, attracting investments from expatriates and others alike. The Kerala government holds a 33.8% stake, valued at ₹7,600 crore, with Chief Minister Pinarayi Vijayan serving as chairman. Lulu Group chairman M.A. Yusuf Ali owns 12.11% of the shares, worth ₹2,750 crore, while prominent industrialist N.V. George holds a 5.94% stake valued at ₹1,350 crore. The remaining 48.57% is shared among approximately 25,000 investors.