Adani to take over Thiruvananthapuram airport ops by October 14

02 Aug 2021 CW Team

According to the sources, the Centre has allowed the extension for three months, which will expire on October 18.

The company is preparing to take over the airport by October 14. The deputy officials of the company have also made arrangements for the same. The airport valuation assets have also been confirmed, which was listed for Rs 800 crore in the tender, and not valued at Rs 273 crore.

The government has yet not confirmed that the private company that won the bid would get the airport. It had previously announced that it would not allow private companies to run the airport in Thiruvananthapuram. It also announced that it would not sign the support agreement with the private company, which is necessary to ensure the basic utilities needed for running the airport.

In a meeting with the Airports Authority Employees Union and the Chief Minister, Pinarayi Vijayan, the chief minister confirmed that the state government would not cooperate with the private company. But, if the company comes with the court order, the state will have to support it.

The Airports Authority Employees Union secretary, S Ajith Kumar, said that it would not be easy for the company to take over the airport. A majority of the airports taken by the company, AAI is still paying the salary to the employees after the company refused to pay the citing losses because of absent flight operations. According to the bid document, the company has not even paid the passenger fee to AAI.

Image Source

Also read: Adani Airports appoints Rajeev Jain as CEO of airport biz

Also read: Adani Group takes control of Mumbai airport management

Adani Thiruvananthapuram International Airport Ltd may take control of the airport by October 14. It won the bid for running the airport for 50 years, and has reported seeking an extension of three months to take over after signing the agreement with the Airport Authority of India (AAI), which expired on July 18. According to the sources, the Centre has allowed the extension for three months, which will expire on October 18. The company is preparing to take over the airport by October 14. The deputy officials of the company have also made arrangements for the same. The airport valuation assets have also been confirmed, which was listed for Rs 800 crore in the tender, and not valued at Rs 273 crore. The government has yet not confirmed that the private company that won the bid would get the airport. It had previously announced that it would not allow private companies to run the airport in Thiruvananthapuram. It also announced that it would not sign the support agreement with the private company, which is necessary to ensure the basic utilities needed for running the airport. In a meeting with the Airports Authority Employees Union and the Chief Minister, Pinarayi Vijayan, the chief minister confirmed that the state government would not cooperate with the private company. But, if the company comes with the court order, the state will have to support it. The Airports Authority Employees Union secretary, S Ajith Kumar, said that it would not be easy for the company to take over the airport. A majority of the airports taken by the company, AAI is still paying the salary to the employees after the company refused to pay the citing losses because of absent flight operations. According to the bid document, the company has not even paid the passenger fee to AAI. Image Source Also read: Adani Airports appoints Rajeev Jain as CEO of airport biz Also read: Adani Group takes control of Mumbai airport management

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..

Infrastructure Energy

06 Apr 2026

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..

Real Estate

06 Apr 2026

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..