Adani Airport Holdings integrates Celeritas International FZCO in UAE
AVIATION & AIRPORTS

Adani Airport Holdings integrates Celeritas International FZCO in UAE

Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises, has established a new entity named Celeritas International FZCO in the UAE. The company announced that Celeritas will operate in the Jebel Ali Free Zone with an authorised and paid-up share capital of AED 100,000. However, the entity is yet to commence business operations, according to an exchange filing.

AAHL holds a 74% stake in Celeritas International, and no related party transactions are involved in this acquisition.

In other developments, April Moon Retail Private Limited—a joint venture of Adani Airport Holdings—plans to acquire a 74% stake in Cococart Ventures Private Limited for Rs 2 billion, as disclosed in a recent stock exchange filing.

Adani Enterprises, which manages the group’s businesses across airports, roads, and data centers, has earmarked Rs 800 billion for capital expenditure in the current fiscal year. Out of this, Rs 500 billion is allocated to airports and Adani New Industries. Adani Airports, which currently operates seven airports and is constructing an eighth facility in Navi Mumbai, has outlined an investment of $21 billion over the next decade, according to group CFO Jugeshinder Singh.

Since entering the airports sector in 2019, the Adani Group has become India’s largest private airport operator. Adani Enterprises reported a 116% year-on-year surge in consolidated net profit to Rs 14.54 billion for the first quarter of FY24, compared with Rs 6.74 billion in the same period last year. Revenue from operations rose 12% year-on-year to Rs 254.72 billion, up from Rs 226.44 billion in the corresponding period.

(ET)

Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises, has established a new entity named Celeritas International FZCO in the UAE. The company announced that Celeritas will operate in the Jebel Ali Free Zone with an authorised and paid-up share capital of AED 100,000. However, the entity is yet to commence business operations, according to an exchange filing. AAHL holds a 74% stake in Celeritas International, and no related party transactions are involved in this acquisition. In other developments, April Moon Retail Private Limited—a joint venture of Adani Airport Holdings—plans to acquire a 74% stake in Cococart Ventures Private Limited for Rs 2 billion, as disclosed in a recent stock exchange filing. Adani Enterprises, which manages the group’s businesses across airports, roads, and data centers, has earmarked Rs 800 billion for capital expenditure in the current fiscal year. Out of this, Rs 500 billion is allocated to airports and Adani New Industries. Adani Airports, which currently operates seven airports and is constructing an eighth facility in Navi Mumbai, has outlined an investment of $21 billion over the next decade, according to group CFO Jugeshinder Singh. Since entering the airports sector in 2019, the Adani Group has become India’s largest private airport operator. Adani Enterprises reported a 116% year-on-year surge in consolidated net profit to Rs 14.54 billion for the first quarter of FY24, compared with Rs 6.74 billion in the same period last year. Revenue from operations rose 12% year-on-year to Rs 254.72 billion, up from Rs 226.44 billion in the corresponding period. (ET)

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?