The market capitalization of InterGlobe Aviation Limited ie Indigo has crossed the Rs 1 lakh crore mark on Wednesday (June 28). With this, IndiGo has become the first airline company in the country to achieve this feat.
IndiGo shares closed at Rs 2619.85, up 3.55%, on the Bombay Stock Exchange (BSE) today. At the same time, the stock also touched a record high of Rs 2634.25 in intraday. With this, the market cap of the company has increased to Rs 1,01,007.56 crore.
On Monday (June 19), 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.
