Adani’s MIAL takeover approved by AAI

14 Jan 2021 Editorial Team

The Airports Authority of India (AAI) has approved Adani Group’s share transfer proposal for Mumbai International Airport Ltd (MIAL) from GVK Airports Holding, making Adani Airports the largest shareholder of MIAL.

A senior government official informed a reputed media source that AAI approved the proposal without any objections. Adani Group will offer the same fee as GVK Holdings and the official name, ‘Chhatrapati Shivaji Maharaj International Airport’ will remain unchanged.

Adani Group is to take over the 50.5% stake of GVK holdings, which is a majority stakeholder in MIAL. Adani Airports is also set to acquire the 23.5% stake of Bid Services Division Mauritius (Bidvest) and Airports Company South Africa (ACSA). The remaining 26% stake will be held by AAI.

Image Source

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..