AAI to soon exit government's joint venture airports

23 Sep 2021 CW Team

The Airports Authority of India (AAI) will begin to exit the joint venture (JV) airports with the government planning to divest its stakes in the airports.

In Delhi and Mumbai, AAI has a 26% stake and 13% in Hyderabad and Bengaluru.

According to the sources, the Ministry of Aviation has moved a cabinet note, seeking approval to divest AAI's stake and start with Hyderabad and Bengaluru first, followed by Mumbai and Delhi.

Earlier this month, AAI planned the privatisation of 13 or more airports by cubbing the small seven airports with the six large airports.

According to Niti Aayog's National Asset Monetisation Pipeline, the government plans to raise Rs 20,782 crore by aviation assets in FY22-25 by privatizing 25 AAI airports and selling AAI's stake in JV airports.

According to a document, out of the total, Rs 10,000 crore of monetisation value are being considered based on the divestment of AAI stake in JV airports. The same has been planned for FY22 and FY23. The actual selling of AAI stakes will depend on transaction timing, market conditions, and transaction terms. The asset monetisation value of Rs 10,782 crore in FY 22-25 have been considered on the estimated capex towards identified airports.

The overall airport monetisation accounts for about 18% of the AAI's total aviation assets. The airports have annual traffic of over 4 lakh in FY19, and 2020 have been considered.

For the first time, smaller airports have been clubbed with larger ones on a public-private partnership (PPP) basis, where the revenue share model of a private company expands and the ownership remains with the government.

These airports are privatised on a standalone model. The promoter of Mumbai Airport has the right to build Mumbai International Airport Limited that has won the bid.

Image Source

Also read: Nirmala Sitharaman launches National Monetisation Pipeline

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..