Adani Airport Holdings integrates Celeritas International FZCO in UAE

28 Oct 2024 CW Team

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)

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..