Winning Bizness Desk
Mumbai. InterGlobe Aviation Limited i.e. Indigo has taken a giant leap in the field of aviation industry and its market capitalization has crossed Rs 1 lakh crore mark. With this, IndiGo has become the first airline company in the country to achieve this feat. Its effect was also seen in its share prices when its stock closed at Rs 2619.85 on the Bombay Stock Exchange (BSE) with a gain of 3.55%. At the same time, the stock also touched a record high of Rs 2634.25 intraday. With this, the market cap of the company has increased to Rs 1,01,007.56 crore. Market cap is the value of the total outstanding shares of any company. It is calculated by multiplying the total number of issued shares of the company by the stock price. Market cap is used to categorize stocks of companies to help investors choose them according to their risk profile. Investors can find out how big a company is by looking at its market cap. The higher the market cap of the company, the better the company is considered. Stock prices rise and fall according to demand and supply. Therefore market cap is the public perceived value of that company.
indigo is going to buy 500 airbus
Just two weeks back, Indigo announced the purchase of 500 Airbus A320 family aircraft. With this, Indigo has become the first Indian airline to place such a huge order in one go. Before Indigo, this record was in the name of Air India. Delivery of these aircraft is expected between 2030 and 2035. Indigo will spend $50 billion i.e. Rs 4.09 lakh crore to buy 500 Airbus A320 family aircraft. However, the actual cost of the order may be slightly lower, as discounts are usually available on such large deals.
Indigo has 61% share in the domestic market. IndiGo currently operates flights to 26 international destinations, serving 75 international cities. With a fleet of over 300 aircraft, the airline connects 78 cities in the country with over 1800 flights daily. Talking about the figures, on an average 4.5 lakh people are traveling daily in the country. The country had 60 million air passengers in 2013-14, which has increased to 200 million today and is expected to increase to 400 million domestic and international passengers by 2027. 3-4 new airlines are coming in the coming years. Air India is also increasing the fleet by 3 times. Airports in the country have increased from 74 to 141 in 8 years. 80 new airports will be added in the next five years. There will be 220 airports by 2030. According to the Center for Asia Pacific Aviation, by 2043, India will have 1300 million domestic and international air passengers with 4000 planes.
