AAI Invests Rs.796 Crore in Airport Repairs

06 Aug 2024 CW Team

The Airports Authority of India (AAI) has allocated ?796 crore for the repair and maintenance of 101 airports during the last fiscal year. This significant investment underscores AAI's commitment to enhancing airport infrastructure and ensuring smooth operations across the country.

The funding covers a wide range of activities, including runway repairs, terminal upgrades, and the refurbishment of essential facilities. These improvements are aimed at addressing wear and tear, enhancing safety, and providing a better travel experience for passengers.

Key projects funded by this investment include resurfacing of runways, modernization of passenger terminals, and upgrades to air traffic control systems. The upgrades are expected to improve operational efficiency, accommodate increasing passenger traffic, and meet international safety standards.

This financial outlay reflects AAI's strategic focus on maintaining and upgrading airport infrastructure to support the growing demands of the aviation sector. The investments are part of a broader initiative to modernize Indian airports and bolster the overall quality of air travel in the country.

Overall, the ?796 crore investment by AAI highlights the ongoing efforts to enhance airport facilities and ensure they remain capable of supporting both current and future aviation needs.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..