Adani Group pays Rs 2,440 cr to AAI for acquiring six airports

10 Nov 2021 CW Team

The Adani Group has made a one-time payment of Rs 2,440 crore to the Airport Authority of India (AAI) for the possession of six airports after it won the bids.

Chairman of AAI, Sanjeev Kumar, said that the one-time payment had been made against the capital work in progress and investments in regulated assets.

He added that the authority had repaid some working capital loans from this payment that it took last year to repay salaries. AAI had to borrow money to pay salaries to the employees and took loans of nearly Rs 1,500 crore from the State Bank of India (SBI) to meet the requirements of working capital in 2020-21 after getting hit by the Covid-19 pandemic.

He said that AAI had witnessed a loss of Rs 1,962 crore in 2020-21. The authority has repaid Rs 600 crore of the working capital loans of Rs 500 crore in April to May and Rs 100 crore in July. AAI has availed Rs 850 crore, and Rs 650 crore is still available at AAI. The repayments were made from the one-time payment received from Adani.

Adani has won airports in Ahmedabad, Jaipur, Guwahati, Lucknow, Mangalore and Thiruvananthapuram through competitive bid announcements in 2019. The company operated its airports under Adani Airports Holding Limited (AAHL) and its Mumbai airport from GVK Group. It holds 74% in the airport company and the remaining 26% is with AAI.

As per an official source, Adani Group focuses on creating airport business assets beyond aviation to complement the business from its air passengers.

Sources told the media that with the current aviation strategy and travel restrictions, the company aims at capitalising the airports by which the company can operate its aviation business with urban developments, entertainment facilities, e-commerce, logistics, smart city developments, aviation-dependent industries and innovative business concepts.

Image Source

Also read: Adani takes up O&M of Thiruvananthapuram International Airport

The Adani Group has made a one-time payment of Rs 2,440 crore to the Airport Authority of India (AAI) for the possession of six airports after it won the bids. Chairman of AAI, Sanjeev Kumar, said that the one-time payment had been made against the capital work in progress and investments in regulated assets. He added that the authority had repaid some working capital loans from this payment that it took last year to repay salaries. AAI had to borrow money to pay salaries to the employees and took loans of nearly Rs 1,500 crore from the State Bank of India (SBI) to meet the requirements of working capital in 2020-21 after getting hit by the Covid-19 pandemic. He said that AAI had witnessed a loss of Rs 1,962 crore in 2020-21. The authority has repaid Rs 600 crore of the working capital loans of Rs 500 crore in April to May and Rs 100 crore in July. AAI has availed Rs 850 crore, and Rs 650 crore is still available at AAI. The repayments were made from the one-time payment received from Adani. Adani has won airports in Ahmedabad, Jaipur, Guwahati, Lucknow, Mangalore and Thiruvananthapuram through competitive bid announcements in 2019. The company operated its airports under Adani Airports Holding Limited (AAHL) and its Mumbai airport from GVK Group. It holds 74% in the airport company and the remaining 26% is with AAI. As per an official source, Adani Group focuses on creating airport business assets beyond aviation to complement the business from its air passengers. Sources told the media that with the current aviation strategy and travel restrictions, the company aims at capitalising the airports by which the company can operate its aviation business with urban developments, entertainment facilities, e-commerce, logistics, smart city developments, aviation-dependent industries and innovative business concepts. Image Source Also read: Adani takes up O&M of Thiruvananthapuram International Airport

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..