The Airports Authority of India (AAI) will sell its 13 per cent stake in GMR Hyderabad International Airport (GHIAL) and Kempegowda International Airport, Bengaluru (Bengaluru International Airport, or BIAL), to raise funds.
Adani Ports and Special Economic Zone (APSEZ) emerged as the lowest bidder on a tender floated by Deendayal Port Trust. The company placed a price bid of Rs.3.10 billion for the three-year deal and bagged the dredging contract on March 10.
Established over 155 years ago, Shapoorji Pallonji Engineering & Construction (SP E&C) specialises in comprehensive end-to-end solutions in the engineering and construction segment in India, the Middle East, North Africa and Southeast Asia.
More than Rs. 3,000 crore will be invested in the development of two greenfield ports in Karnataka, according to Chief Minister B S Yediyurappa. A greenfield port is being developed under the public-private partnership (PPP) model at Honnavar in Uttara Kannada district at a cost of around Rs. 600 cr..