GMR gets nod to operate Nagpur airport
POWER & RENEWABLE ENERGY

GMR gets nod to operate Nagpur airport

GMR Group, an Indian infrastructure development company to take over operations and upgrade projects at Babasaheb Ambedkar International Airport in Nagpur.

The Nagpur bench of the Bombay High Court has dismissed the annulment of the bidding process for Nagpur airport issued by Mihan India Limited in March 2020. The decision paves the way for the GMR group.

The tender process in 2019, conducted by Mihan, a joint venture (JV) between Maharashtra Airport Development Company Limited (MADC) and Airports Authority of India (AAI)— the GMR Group had emerged as the highest bidder. In March 2019, Mihan issued a letter of award (LoA) to GMR. However, the Maharashtra government decided to cancel the tender process and issued a letter annulling the process in March 2020.

The bench finds that the impugned communication is not sustainable in the eye of the law, and it deserves to be canceled and set aside, the HC bench said.

The bench urged Mihan to take all steps, including the concession agreement signing, within six weeks.

GMR said that it expects to develop the airport in phases to attain a capacity of 30 million passengers per annum.

The first phase will witness GMR initiate a complete transformation of the airport over four years, including the greenfield terminal construction with the initial capacity of managing 4 million passengers per annum, the company said.

Image Source


Also read: GMR Group plans modernisation and development of Nagpur airport

GMR Group, an Indian infrastructure development company to take over operations and upgrade projects at Babasaheb Ambedkar International Airport in Nagpur. The Nagpur bench of the Bombay High Court has dismissed the annulment of the bidding process for Nagpur airport issued by Mihan India Limited in March 2020. The decision paves the way for the GMR group. The tender process in 2019, conducted by Mihan, a joint venture (JV) between Maharashtra Airport Development Company Limited (MADC) and Airports Authority of India (AAI)— the GMR Group had emerged as the highest bidder. In March 2019, Mihan issued a letter of award (LoA) to GMR. However, the Maharashtra government decided to cancel the tender process and issued a letter annulling the process in March 2020. The bench finds that the impugned communication is not sustainable in the eye of the law, and it deserves to be canceled and set aside, the HC bench said. The bench urged Mihan to take all steps, including the concession agreement signing, within six weeks. GMR said that it expects to develop the airport in phases to attain a capacity of 30 million passengers per annum. The first phase will witness GMR initiate a complete transformation of the airport over four years, including the greenfield terminal construction with the initial capacity of managing 4 million passengers per annum, the company said. Image Source Also read: GMR Group plans modernisation and development of Nagpur airport

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?