logo
Kerala CM launches Rs 200 cr IT infrastructure project at Cochin Airport

Kerala CM launches Rs 200 cr IT infrastructure project at Cochin Airport

India Gazette19-05-2025

Kochi (Kerala) [India], May 19 (ANI): Cochin International Airport Ltd is presenting a model of socialising profit, said Kerala Chief Minister Pinarayi Vijayan at the launch of the Rs 200-crore CIAL 2.0 project, which aims to fully digitise the airport's operations.
In 2023-24, 375 million people in India travelled by air, of which 275 million were domestic passengers. This marks a 21 per cent increase compared to the previous year, placing India third in the world in terms of domestic air passenger numbers.
It is estimated that by 2040, India will see one billion air travellers annually. All airports in the country must prepare themselves to accommodate such large-scale growth.
The Chief Minister emphasised the strategic importance of ensuring the safety of air passengers and the protection of airport assets. With around 50, 000 passengers travelling through Cochin Airport daily, and close to 100,000 people visiting the premises for travel-related needs, the security of digital assets becomes even more significant.
The airport also hosts over 400 government and non-government agencies, 30 airlines, around 200 commercial establishments including hotels, and more than 12,000 employees, making it a vast and complex travel hub.
The CIAL 2.0 project incorporates various initiatives focused on artificial intelligence, automation, and foolproof cybersecurity to tackle emerging challenges in cyberspace and enhance travel experience. With an investment of Rs 200 crore, the project is designed to improve passenger convenience and security.
As part of the project, full-body scanners have been introduced, eliminating the need for physical pat-downs during security checks. An automated tray retrieval system has also been implemented to speed up cabin baggage screening.
Additionally, 4,000 AI-enabled surveillance cameras have been installed to strengthen airport and perimeter security. The airport's existing bomb detection and disposal system is also being upgraded through CIAL 2.0.
Apart from these initiatives, several large-scale projects launched last year are progressing rapidly. The apron construction, part of the Rs 700-crore International Terminal development, is in its final stages. The commercial zone being constructed in front of Terminal 3 is also advancing steadily. These developments have created around 29,000 job opportunities.
CIAL is committed to offering maximum benefits to investors, local communities, and workers. In the 2023-24 fiscal year, it distributed a 45 per cent dividend to investors. The company has also undertaken multiple bridge construction projects and recently launched a society for cargo loading and unloading contract workers, which is functioning effectively.
Notably, CIAL plays a key role in the Wayanad Model Township project initiated by the state government. It is independently installing solar panels on all 400 houses in the township. (ANI)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Monolithisch India IPO opens today: Key details investors should know
Monolithisch India IPO opens today: Key details investors should know

Economic Times

time33 minutes ago

  • Economic Times

Monolithisch India IPO opens today: Key details investors should know

The IPO is being offered in a price band of Rs 135 to Rs 143 per share. Retail investors can apply for a minimum lot size of 1,000 shares, requiring an investment of Rs 1.43 lakh at the upper end of the price band. Monolithisch India's SME IPO is now open for subscription, aiming to raise Rs 82.02 crore. The IPO will remain open until June 16. Shares will be listed on NSE SME with tentative listing date of June 19, 2025. The company plans to use the funds for expansion and working capital. Tired of too many ads? Remove Ads Monolithisch India's SME IPO will open for subscription today and will remain open until June 16. The SME IPO aims to raise Rs 82.02 crore through a fresh issue of 54.48 lakh equity shares. The shares will be listed on the NSE SME platform, with a tentative listing date set for June 19, IPO is being offered in a price band of Rs 135 to Rs 143 per share. Retail investors can apply for a minimum lot size of 1,000 shares, requiring an investment of Rs 1.43 lakh at the upper end of the price Securities is the book-running lead manager, and Kfin Technologies is the registrar for the India, incorporated in August 2018, specializes in manufacturing and supplying 'ramming mass,' a key heat insulation material used in iron and steel induction company has expanded its client base from 43 in 2023 to 61 in 2025, underscoring its growing market presence. It posted strong financial performance for FY25, with revenue rising 41% to Rs 97.49 crore and net profit increasing 70% to Rs 14.49 crore compared to the previous IPO proceeds will be used to fund capital expenditure for a new manufacturing facility, invest in its subsidiary Metalurgica India Private Limited, meet working capital requirements, and cover general corporate expenses.

Azim Premji's Wipro relocates headquarter in this Muslim country from Al Khobar to…, appoints new MD in Middle East due to…
Azim Premji's Wipro relocates headquarter in this Muslim country from Al Khobar to…, appoints new MD in Middle East due to…

India.com

time33 minutes ago

  • India.com

Azim Premji's Wipro relocates headquarter in this Muslim country from Al Khobar to…, appoints new MD in Middle East due to…

IT giant Wipro announced on Monday that it has shifted its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. The Bengaluru-based company also revealed the appointment of Mohamed Mousa as Managing Director for the Middle East, operating from the newly established headquarters, as per a regulatory filing. The new office is the latest addition to Wipro's presence in the country, which includes offices in Riyadh, Al Khobar, Jeddah, and Jubail. Further, Wipro said it has signed a Memorandum of Understanding (MoU) with Prince Mohammad Bin Fahd University (PMU) to establish a Center of Excellence (CoE) in Riyadh. The CoE aims to train local talent through academic training in advanced technologies, hands-on-experience, and access to Wipro's resources. Wipro shares settled at Rs 259.00 apiece on the BSE on Wednesday, 1.62 per cent higher than the previous close. Wipro Promoter Entities Swap Stake About 18.05 crore shares of Wipro, amounting to a 1.72 per cent stake, were exchanged among promoter group entities through open market transactions on Wednesday, according to the exchange data. Following the share sale, Wipro shares appreciated by 1.61 per cent to close at Rs 258.95 apiece on the BSE. The stock settled 1.62 per cent higher at Rs 259 per piece on the National Stock Exchange (NSE). According to the block deal data on the NSE, promoter entity Azim Premji Trust sold a total of 18.05 crore equity shares or 1.72 per cent stake in Bengaluru-based Wipro. The transaction valued at around Rs 4,674.77 crore, was executed at an average price of Rs 258.99 per share. Meanwhile, Prazim Traders and Zash Trader (part of Wipro's promoter group) bought these shares at the same price. On Monday, Azim Premji Trust offloaded 20.23 crore equity shares or 1.93 per cent stake in Wipro. (With Inputs From PTI)

Chennai's Vadapalani bus terminus set for major overhaul
Chennai's Vadapalani bus terminus set for major overhaul

New Indian Express

time34 minutes ago

  • New Indian Express

Chennai's Vadapalani bus terminus set for major overhaul

CHENNAI: The Vadapalani bus terminus, one of Chennai's busiest transit points, is set for a major overhaul. Chennai Metro Asset Management Limited (CMAML) - a joint venture between Chennai Metro Rail Limited and the Tamil Nadu Industrial Development Corporation - has floated tenders for redeveloping the 6.65acre site into a modern multimodal hub and commercial complex. Located along the high-traffic Arcot Road corridor, the existing depot handles over 158 buses and 1,100 daily services. The redevelopment, which is likely to cost more than Rs 480 crore, will feature a ground-level transit hub with five boarding bays and two alighting bays. It will also offer dual access points from Arcot Road for terminal users and Kumaran Colony Main Road for commercial traffic. It will also offer dual access points from Arcot Road for terminal users and Kumaran Colony Main Road for commercial traffic. Above the terminal, the 12-storey structure will include retail outlets, a food court and restaurant hub, and office spaces.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store