Govt eyes next phase of airport privatisation in 2025-26 budget

11 Nov 2024 CW Team

The central government is set to initiate the next phase of airport privatisation under the public-private partnership (PPP) model, anticipated to kick off following the 2025-26 Budget, according to government sources. The Ministry of Civil Aviation is finalising a proposal, which will soon be submitted to the Ministry of Finance before heading for Cabinet approval. Pre-bidding consultations are expected after the Budget, with the process potentially beginning by the end of 2024-25.

The government aims to accelerate this phase of privatisation, aiming for an official Budget announcement by the Finance Minister. Under the National Monetisation Pipeline (NMP), 25 airports under the Airports Authority of India (AAI) have been marked for leasing between 2022-2025. These include airports in cities such as Bhubaneswar, Varanasi, Amritsar, and Coimbatore, among others, intended to benefit from private-sector efficiency and investment.

The first wave of the new privatisation phase will focus on 13 airports, with seven major airports—Vijayawada, Bhubaneswar, Tiruchirappalli, Indore, Raipur, Amritsar, and Varanasi—set to be paired with smaller facilities like Kushinagar, Gaya, and Hubballi. This structure seeks to enhance management and development through private partnerships, aligning with statements from Union Minister of State for Civil Aviation, Murlidhar Mohol, who emphasised the improvements for both states and passengers.

This renewed focus follows a year-long slowdown due to state and general elections, yet major players remain keen. Adani Airport Holdings (AAHL), which operates key airports in Mumbai, Trivandrum, and Ahmedabad, is eager to expand its portfolio, while GMR Airports Infrastructure seeks both domestic and international opportunities, with interest in regions such as the Middle East and Southeast Asia. (Moneycontrol)

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..

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..

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..