Caspian's subsidiary, Sumathi Bright Shine Airport Services Private Limited, has secured a 10-year ground handling services contract from the Airport Authority of India (AAI) for Andaman Airport.
The contract is valued at approximately INR 3.00 Cr for the first year, with potential growth as travel and tourism in Andaman increase.
The contract initiation has already taken place.
The Airport Authority of India is the entity awarding the contract.
The contract is a domestic one, and no related party transactions are involved.