Adani to take over Thiruvananthapuram airport ops by October 14
AVIATION & AIRPORTS

Adani to take over Thiruvananthapuram airport ops by October 14

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

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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code