DGCA Gets Aerodrome License Request from Navi Mumbai Airport

07 Mar 2025 CW Team

Navi Mumbai International Airport is a joint venture between Adani Airport Holding (AAHL) and the City and Industrial Development Corporation of Maharashtra (CIDCO), with a 74:26 shareholding structure. Officials from the Ministry of Civil Aviation, DGCA, and the Airports Authority of India (AAI) recently conducted a site visit to assess the airport’s development status. Progress has been observed in key infrastructure components, including the Air Traffic Control (ATC) tower, baggage screening systems, passenger processing facilities, and other essential operational areas.

While substantial advancements have been made, certain aspects of the project, particularly passenger accessibility to the terminal building, require expedited efforts. Ensuring seamless access to the terminal is a critical factor for obtaining the aerodrome license and achieving full operational functionality.

Once operational, the airport is expected to ease congestion at Chhatrapati Shivaji Maharaj International Airport, handling an initial capacity of up to 12 million passengers annually. The long-term plan envisions two runways and four terminals, ultimately accommodating up to 90 million passengers per year across five phases.

The completion of Phase 1 is anticipated to provide significant relief to the region’s air traffic, particularly with Mumbai International Airport’s Terminal 1 scheduled for closure in October 2025 for redevelopment. Airlines will coordinate with authorities to determine flight transitions to the new facility.

News source: CNBC TV18

The Directorate General of Civil Aviation (DGCA) has received an application for an aerodrome license from Navi Mumbai International Airport (NMIAL), marking a key step in the airport’s progress toward operational readiness. The airport, designed to accommodate increasing air travel demand in the Mumbai metropolitan region, is scheduled to begin operations by May 15, 2025, and aims to secure the necessary approvals before that date. Navi Mumbai International Airport is a joint venture between Adani Airport Holding (AAHL) and the City and Industrial Development Corporation of Maharashtra (CIDCO), with a 74:26 shareholding structure. Officials from the Ministry of Civil Aviation, DGCA, and the Airports Authority of India (AAI) recently conducted a site visit to assess the airport’s development status. Progress has been observed in key infrastructure components, including the Air Traffic Control (ATC) tower, baggage screening systems, passenger processing facilities, and other essential operational areas. While substantial advancements have been made, certain aspects of the project, particularly passenger accessibility to the terminal building, require expedited efforts. Ensuring seamless access to the terminal is a critical factor for obtaining the aerodrome license and achieving full operational functionality. Once operational, the airport is expected to ease congestion at Chhatrapati Shivaji Maharaj International Airport, handling an initial capacity of up to 12 million passengers annually. The long-term plan envisions two runways and four terminals, ultimately accommodating up to 90 million passengers per year across five phases. The completion of Phase 1 is anticipated to provide significant relief to the region’s air traffic, particularly with Mumbai International Airport’s Terminal 1 scheduled for closure in October 2025 for redevelopment. Airlines will coordinate with authorities to determine flight transitions to the new facility. News source: CNBC TV18

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..