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Flight operations to begin from airport's new terminal tomorrow

Flight operations to begin from airport's new terminal tomorrow

Time of Indiaa day ago

Patna: The long wait is over. Flyers to and from Patna will now experience world-class amenities as the newly constructed terminal building of Jayprakash Narayan International Airport opens to the public on Tuesday (June 3).
The two-storey terminal, with arrivals on the ground floor and departures on the first, is built to accommodate 3,000 passengers at peak hours – 1,500 on each floor. Spread across 65,150 square metres, the facility boasts five aerobridges and 11 boarding gates to ensure smooth boarding and disembarkation. Passengers will benefit from modern comforts, including spacious lounges, varied dining options, retail outlets and enhanced seating areas.
According to Airports Authority of India (AAI) officials, all flight operations will shift to the new terminal from 7am on June 3. "This milestone is a significant upgrade in infrastructure, designed to improve both the quality of service for travellers and operational efficiency. The shifting process from the existing terminal to the new facility is in the final stage," said an official.
The terminal houses 64 check-in counters, nine automatic tray retrieval systems (ATRS), Digi Yatri gates for contactless travel, security checks on the first floor and four conveyor belts in the arrivals hall.
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With this expansion, the annual passenger handling capacity will rise from 25 lakh to 1 crore. The new apron accommodates 11 aircraft (nine Code C-A320 and two ATR), of which seven parking bays have been constructed so far.
"The remaining parking bays will be constructed after demolishing the old terminal. The base for four aerobridges will come up at the same location to provide direct connectivity with the apron," the official added.
The terminal is equipped to manage 75 arrivals and 75 departures daily. Presently, the airport handles 98 aircraft movements with two new flights added on Sunday.
Uma Shankar, deputy general manager (ATM) and safety investigation coordinator at Patna airport, said, "Air India Express on Sunday started two flights, one each for Guwahati and Hyderabad. Total arrivals and departures have increased to 98. Once operations begin at the new terminal, airlines will increase services.
At present, we have not received proposals for any new routes or international flights."
The terminal's design pays tribute to Bihar's rich cultural heritage with traditional artwork, murals and carvings. Inspired by the ruins of Nalanda, the building includes an insulated roofing system, LED lighting and heat-minimising glazing for energy efficiency, targeting a 4-star GRIHA eco-rating.
A new entrance gate has been built for the terminal.
Departing passengers will take the flyover to reach the departure level while arriving passengers will exit directly from the arrivals area.
The multilevel car park (MLCP) on the city side will also open from June 3, offering space for 1,100 vehicles. Parking fees remain unchanged. Buses will be charged Rs 30 for 30 minutes and Rs 70 for up to two hours; SUVs, cars and minibuses Rs 20 for 30 minutes and Rs 60 for up to two hours. For cars, the fee is Rs 55 for two hours and two-wheelers will be charged Rs 10 for half an hour and Rs 15 for up to two hours. Commercial vehicles in the pick-up zone will incur a fee of Rs 40 with a penalty of Rs 500 if they exceed a seven-minute stay.

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  • Time of India

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  • Time of India

Bajaj Auto thriving in chaos; maintaining 20% margin for 6 quarters: Rakesh Sharma

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Had we not gotten a great competitive position in Latin America, we would not have been able to recover like this. When I am saying recovery, I am talking about value recovery and EBITDA recovery because we look at both the top line and bottom line equally strongly. That said, the inherent architecture of the business has evolved over the last 10-20 years because of the pursuit of a deliberate strategy. Now we are coming to this point about the market share in entry-level bikes. The entry-level bikes from a topline perspective constitute about 48% of the Indian industry. That contribution is reducing but at a very slow pace. We will go for market share in this area as long as it is a blue ocean. You Might Also Like: Bajaj Auto Q4 Results: Cons PAT falls 10% YoY to Rs 1,802 crore; Rs 210 per share dividend announced Currently, it is a red ocean and they find that if they have to optimise growth, competitive position, and profitability, that optimisation is not possible in the bottom half. To pursue market share, the degrees of freedom in terms of innovation, etc, are slender and what happens is that you end up using the price card and that is not sustainable and that erodes the bottom line. So, we are present over there. We are trying and we will continue to try. In the last three-four years, we have tried various technical interventions, five-speed and tubeless tyres, digital consoles, even ABS but with marginal success. What is really needed is a pricing strategy and big pricing breakthroughs are not possible in the entry level. So, we are happy to take a very measured look at it and not be very aggressive. They are not saying that they will vacate it. It is a large segment. They will be there, but on their terms. They are not there singularly with the objective of increasing market share at the substantial expense of the bottom line. Classic Bajaj Auto margins of 20% have come back. Can I say that going forward also you will continue to focus on categories, product, and innovation where you would like to keep your margin in and around 20%? At the entry level, if it does not offer you 20%, it is good to have business, where you are happy to skim it down. Rakesh Sharma: By the way, it is six quarters of 20% margin. You may find this very surprising, but it is not that we sit in the conference room and say that we got to hit 20% and all that. It is not like that. Obviously, we have a very sharp focus on the bottom line, but our margins are the consequence of pursuing each strategy. Now, if the Africa business certainly expands, it will have an adverse impact on the margins in the EV business. 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When it comes to some of the price cuts which you are talking about, having an overall EBITDA approach to each business unit, some markets where we have an overwhelming share and where Bajaj Auto defines the industry, where we have 60% of the share and the next person is 10%, or 5% and sometimes we feel that we have to continue to keep the industry ticking, there may have to be price adjustment. So, we have taken price cuts in one or two places. For example, in Uganda where we have a 90% market share. Now, it is not so much to gain share, we cannot go above 90%. It is between 85% and 90%. We cannot go above that, but we want to keep the industry's wheel moving. We monitor the payback period because in African markets, it is a commercial purchase. This is not a personal purchase. Bikes are used as taxis. We monitor the payback period of the customers, the drivers, riders who are buying these as to how many months they recover and when it falls below a certain point, we do try to make adjustments which in better times we recover. Tthis is not a very tactical play aimed at gaining a share here or there. It is about keeping the industry ticking. Along with that, you mentioned that the final certification for rare earth magnets from China is still pending. Help us understand if the supply is disrupted post July, how severe could the production impact be not just for Bajaj Auto, but for the broader Indian EV ecosystem? Do you believe that finding any of the suppliers in the short-term or alternative supplier will be a challenge for the industry? Rakesh Sharma: The process that has been outlined is that the importer has to do self-certification, which in the industry's case is mainly the vendor and that has to be then certified by a couple of agencies within our ministries and then it goes to the Chinese embassy in India which again certifies it and then sends it across to China. Over there, it is a two-step certification or an approval process which is at a provincial level, which is the province in which the exporter would be based and after that in China's ministry of commerce. Over 30 applications have been processed even by the Chinese embassy over here and sent to China, but we have not yet heard back. The first thing which we are awaiting is to see how smooth this process is going to be, how long it is going to take, and as soon as some of the approvals start to come, we will get an understanding of that, that I think if that happens smoothly and that we move or lengthen the supply chain period but if the approvals for non-military uses are forthcoming, then it is alright. It is just that we have to manage the supply chain time periods. If this does not happen at all, if something breaks down which I am hoping will not, then developing alternate sources is a very medium-term option because China has over 80% share. The extraction and refining process is very complex and it takes time to master it and other places have the reserves, but they will need that time. Having to substitute the component completely also will require integration into the vehicle systems, testing, and validation. All those are mid-term. Therefore in the short term, we are hoping that this process works. If it does not, then Bajaj Auto will start facing disruption from July onwards and whatever I hear from my industry colleagues, a lot of companies will see disruption in July onwards in one line or the other.

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