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

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?