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
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement