Adani inks pact with Flemingo for duty-free outlets in airports, ports

25 Sep 2021 CW Team

Adani Airport Holdings Limited (AAHL), the Adani Group's airports arm, has formed a strategic partnership with Flemingo Travel Retail Private Limited and Mumbai Travel Retail Private Limited (MTRPL) to run duty-free outlets in airports and seaports.

AAHL, Adani Enterprises Limited's wholly-owned subsidiary, has signed share subscription agreements with Flemingo and MTRPL, the company announced in a regulatory filing on Thursday.

Under the terms of the strategic partnership, AAHL will subscribe to 28,49,000 equity shares with a face value of Rs 10 each, representing 74% of MTRPL's share capital on a fully diluted basis, for a total investment of Rs. 2.85 crore.

At Navi Mumbai Airport, Adani has eight airport concessions, seven of which are operational and one of which is under construction.

The group is looking at a different model for the airports, making it more of a B2C business and capitalising on about 300 million users, of which about 100 million will be passengers and 200 million will be non-passengers, for the energy-to-infrastructure conglomerate.

Adani Airport is a subsidiary of Adani Enterprises, the Adani Group's flagship company, which won a global competitive tendering process conducted by the Airports Authority of India to modernise and operate six airports for the next 50 years: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram.

Ahmedabad, Lucknow, and Mangaluru were among the cities where it took over operations last year. Separately, in July, the company acquired a majority stake in Mumbai International Airport and took control of its management. It also has the responsibility of building a new international airport in Navi Mumbai.

Image Source

Also read: Adani to take over Thiruvananthapuram airport ops by October 14

Also read: Adani’s MIAL takeover approved by AAI

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..