The Noida International Airport and Zurich Airport International AG on October 7, 2020, signed a concession agreement that would allow the Switzerland headquartered company to build and operate the Noida International Airport at Jewar for 40 years.
Adani Ports and Special Economic Zone (APSEZ) 5 October completed the acquisition of the Krishnapatnam Port Company Limited (KPL) in Andhra Pradesh for an enterprise value of Rs 120 billion but at a lower enterprise value compared with the deal that APSEZ signed with KPL at the beginning of the year. Present enterprise value is 13 per cent lower than the original deal value of Rs 135 billion.
India Ratings and Research (Ind-Ra) has maintained a negative outlook on energy and transport infrastructure for 2HFY21, stemming from a likely low demand, driven by low thermal plant load factor and subdued wind generations, and the resultant impact on coverage metrics. The agency has also maintained a negative outlook on the roads and airport sectors.