Adani Airports to invest 100 billion in airport business post bidding win

12 Aug 2019 CW Team

The frontrunner of Adani Group, Adani Enterprises (AEL), has committed a hefty investment of Rs 100 billion in the airport business through its subsidiary Adani Airports by 2026.

Recently, Adani Airports won a bid for six airports as a part of the government’s privatisation initiative, where bidders were invited to handle the operations and maintenance of the following airports – Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Mangaluru and Guwahati.

Reportedly, the company will make an upfront payment of Rs 36 billion and about Rs 60 billion as capital expenditure over a period of seven years. It is estimated that three airports will start generating profits from April 2020.

After the Cabinet approval, the Airports Authority of India (AAI) issued letters of award to the conglomerate for the Ahmedabad, Lucknow and Mangaluru airports.

However, the government has yet to take a call about Thiruvananthapuram airport. The Chief Minister of Kerala has requested that the airport not be privatised and be handed over to the state government for its operation, instead.

As far as the Jaipur and Guwahati airports are concerned, the government sited legal issues as reasons for the delay and reaffirmed that they were almost resolved and a decision would be taken soon.

The AAI will nonetheless, still be in charge of the statutory functions of providing communication navigation surveillance and air traffic management services among other things.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..