+
 Adani Enterprises pays Rs 1,103 cr to AAI for acquiring airport assets
AVIATION & AIRPORTS

Adani Enterprises pays Rs 1,103 cr to AAI for acquiring airport assets

Minister of State for Civil Aviation, V K Singh told the media that Adani Enterprises has paid Rs 1,103 crore to the state-controlled Airports Authority of India (AAI) for acquiring its airport assets at Mangaluru, Lucknow, and Ahmedabad.

Replying to a question at the Rajya Sabha by Trinamool Congress member of parliament Jawhar Sircar, Singh said that according to the concession contracts, the concessionaires of airports at Mangaluru, Lucknow, and Ahmedabad had to pay AAI a sum of Rs 1,103 crore.

It comprised capital for Regulatory Assets Base (RAB) for aeronautical and non-aeronautical assets and Cost of Capital Work in Progress (CWIP) incurred by AAI at these airports.

The Concessionaires have paid AAI a sum of about Rs 1,103 crore so far, including deemed initial RAB up to 31 March 2018 and value of CWIP as on takeover date of respective airports.

The remaining adjusted initial RAB up to acquire the date of the airports, as decided by the Airport Economic Regulatory Authority of India (AERA), is part of the balance payment that the Concessionaires are liable to pay.

Adani Enterprises acquired the works at Mangaluru, Lucknow, and Ahmedabad airports in November last year.

In 2020, the concessionaire had earlier invoked force majeure due to the pandemic and asked for a 205-day extension to acquire the airports, Singh told the media. The AAI awarded the concessionaire 90 days’ extension.

Image Source

Also read: Adani Group pays Rs 2,440 cr to AAI for acquiring six airports

Minister of State for Civil Aviation, V K Singh told the media that Adani Enterprises has paid Rs 1,103 crore to the state-controlled Airports Authority of India (AAI) for acquiring its airport assets at Mangaluru, Lucknow, and Ahmedabad. Replying to a question at the Rajya Sabha by Trinamool Congress member of parliament Jawhar Sircar, Singh said that according to the concession contracts, the concessionaires of airports at Mangaluru, Lucknow, and Ahmedabad had to pay AAI a sum of Rs 1,103 crore. It comprised capital for Regulatory Assets Base (RAB) for aeronautical and non-aeronautical assets and Cost of Capital Work in Progress (CWIP) incurred by AAI at these airports. The Concessionaires have paid AAI a sum of about Rs 1,103 crore so far, including deemed initial RAB up to 31 March 2018 and value of CWIP as on takeover date of respective airports. The remaining adjusted initial RAB up to acquire the date of the airports, as decided by the Airport Economic Regulatory Authority of India (AERA), is part of the balance payment that the Concessionaires are liable to pay. Adani Enterprises acquired the works at Mangaluru, Lucknow, and Ahmedabad airports in November last year. In 2020, the concessionaire had earlier invoked force majeure due to the pandemic and asked for a 205-day extension to acquire the airports, Singh told the media. The AAI awarded the concessionaire 90 days’ extension. Image Source Also read: Adani Group pays Rs 2,440 cr to AAI for acquiring six airports

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code