AAI's FY24 Capex: Nearly Rs.500M

04 Apr 2024 CW Team

The planned infusion of funds comes at a crucial juncture, as India's aviation sector continues to witness rapid expansion and increasing passenger traffic. By prioritising infrastructure development, AAI seeks to address capacity constraints, improve operational efficiency, and elevate the overall passenger experience. From upgrading terminal facilities to enhancing runway infrastructure and implementing cutting-edge technology solutions, AAI's comprehensive investment strategy encompasses a wide range of initiatives aimed at future-proofing the nation's aviation ecosystem.

Chairman Sanjeev Kumar has emphasised the importance of leveraging innovative solutions to overcome challenges and unlock the full potential of India's aviation sector. By harnessing digitalisation, automation, and sustainable practices, AAI aims to create airports of the future that are not only efficient and resilient but also environmentally friendly. This forward-looking approach aligns with India's broader vision of becoming a global aviation hub and reinforces AAI's role as a key enabler of the country's aviation aspirations.

Moreover, the planned investments are expected to generate significant socio-economic benefits, including job creation, enhanced regional connectivity, and increased tourism inflows. By catalysing infrastructure development in tier-2 and tier-3 cities, AAI aims to spur economic growth and bridge the urban-rural divide. Additionally, the modernisation of airport facilities is poised to attract greater private investment in the sector, further driving innovation and competition.

As AAI embarks on this ambitious journey to transform India's aviation landscape, collaboration with stakeholders, including airlines, regulatory bodies, and local communities, will be paramount. By fostering partnerships and embracing a holistic approach to infrastructure development, AAI is poised to shape a brighter future for India's aviation sector, unlocking new opportunities and delivering lasting benefits for generations to come.

In a proactive move to bolster India's aviation infrastructure, the Airports Authority of India (AAI) has unveiled its ambitious capital expenditure (Capex) plan for the fiscal year 2024. With a projected investment of nearly Rs 5,000 crore (Rs500 million), AAI's Chairman Sanjeev Kumar aims to drive substantial modernisation and expansion efforts across the country's airport network. This significant financial commitment underscores AAI's unwavering dedication to meeting the escalating demands of air travel and fostering economic growth through enhanced connectivity. The planned infusion of funds comes at a crucial juncture, as India's aviation sector continues to witness rapid expansion and increasing passenger traffic. By prioritising infrastructure development, AAI seeks to address capacity constraints, improve operational efficiency, and elevate the overall passenger experience. From upgrading terminal facilities to enhancing runway infrastructure and implementing cutting-edge technology solutions, AAI's comprehensive investment strategy encompasses a wide range of initiatives aimed at future-proofing the nation's aviation ecosystem. Chairman Sanjeev Kumar has emphasised the importance of leveraging innovative solutions to overcome challenges and unlock the full potential of India's aviation sector. By harnessing digitalisation, automation, and sustainable practices, AAI aims to create airports of the future that are not only efficient and resilient but also environmentally friendly. This forward-looking approach aligns with India's broader vision of becoming a global aviation hub and reinforces AAI's role as a key enabler of the country's aviation aspirations. Moreover, the planned investments are expected to generate significant socio-economic benefits, including job creation, enhanced regional connectivity, and increased tourism inflows. By catalysing infrastructure development in tier-2 and tier-3 cities, AAI aims to spur economic growth and bridge the urban-rural divide. Additionally, the modernisation of airport facilities is poised to attract greater private investment in the sector, further driving innovation and competition. As AAI embarks on this ambitious journey to transform India's aviation landscape, collaboration with stakeholders, including airlines, regulatory bodies, and local communities, will be paramount. By fostering partnerships and embracing a holistic approach to infrastructure development, AAI is poised to shape a brighter future for India's aviation sector, unlocking new opportunities and delivering lasting benefits for generations to come.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..