IndiGo trades higher on the BSE
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Interglobe Aviation is currently trading at Rs. 4829.80, up by 16.05 points or 0.33% from its previous closing of Rs. 4813.75 on the BSE.
The scrip opened at Rs. 4844.95 and has touched a high and low of Rs. 4855.00 and Rs. 4801.50 respectively. So far 4361 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4944.60 on 28-Aug-2024 and a 52 week low of Rs. 2334.95 on 28-Sep-2023.
Last one week high and low of the scrip stood at Rs. 4914.20 and Rs. 4761.05 respectively. The current market cap of the company is Rs. 186334.34 crore.
The promoters holding in the company stood at 55.29%, while Institutions and Non-Institutions held 39.88% and 4.83% respectively.
InterGlobe Aviation (IndiGo) has introduced the Required Navigation Performance Authorization Required (RNP AR) flight procedure for its operations into Kathmandu. IndiGo successfully operated the validation flight on September 04, 2024, following the clearance received, in line with the provisional approval by DGCA. This implementation of technological advancement represents a major step forward in aviation safety and efficiency, enabling the pilots to navigate the complex terrain surrounding Kathmandu Valley with precision.
RNP AR technology is specifically engineered for airports situated in geographically challenging and high-altitude regions, such as Kathmandu’s Tribhuvan International Airport (KTM). With the airport surrounded by the Himalayas, landing in Kathmandu has traditionally been a challenge for pilots, particularly during adverse weather conditions. The implementation of the RNP AR system enables aircraft to adhere to predetermined flight paths with remarkable accuracy, effectively mitigating the risks posed by the mountainous landscape.
IndiGo's adoption of the RNP AR procedure for all flights into Kathmandu will significantly enhance passenger safety. This advanced navigation capability supports continuous descent approaches, thereby optimizing airspace usage, reducing fuel consumption, and minimizing emissions.
InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.
