+
Govt floats cabinet note for Hyderabad, Bengaluru airport stake sale
AVIATION & AIRPORTS

Govt floats cabinet note for Hyderabad, Bengaluru airport stake sale

The Ministry of Civil Aviation has floated a cabinet note for Hyderabad and Bengaluru airports stake sale for an in-principle nod.

The government intends to sell its stake in the four joint venture metro airports of Delhi, Hyderabad, Mumbai, and Bengaluru but the process has been started for Bengaluru and Hyderabad first.

The Airports Authority of India (AAI) holds about a 13% stake respectively in the two airports of Hyderabad and Bengaluru.

Hyderabad's Rajiv Gandhi International airport is owned and managed by a public-private venture, GMR Hyderabad International Airport Limited (GHIAL). Its stakeholders hold the AAI and the Government of Telangana, and a private consortium between GMR Group and Malaysia Airports Holdings Berhad.

Currently, Bengaluru airport is a public-private venture with stakeholders involving Karnataka State Industrial Investment and Development Corporation (KSIIDC) for 13%, AAI for 13%, and 74% is held by private companies, Fairfax Financial 54% and Siemens Project Ventures 20%.

The Ministry of Aviation is also working on a cabinet note for privatisation of 13 airports, where six major airports will be clubbed with seven minor airports, a source said.

As many as 25 AAI airports have been considered for monetisation, under the recently declared 6-lakh-crore worth National Monetisation Pipeline (NMP). During FY22-25, the indicative monetisation value has been fixed at Rs 20,782 crore, out of this the government anticipates Rs 10,000 crore from stake sales in Hyderabad, Delhi, Mumbai, and Bengaluru airports, and the left Rs 10,782 crore has been estimated from the monetisation of 25 AAI airports.

The government intends to get private players for Varanasi, Bhubaneswar, Trichy, Amritsar, Indore, and Raipur in FY22 and Calicut, Surat, Nagpur, Patna, Coimbatore, Madurai, Ranchi, and Jodhpur in FY23.

Image Source


Also read: AAI to soon exit government's joint venture airports

The Ministry of Civil Aviation has floated a cabinet note for Hyderabad and Bengaluru airports stake sale for an in-principle nod. The government intends to sell its stake in the four joint venture metro airports of Delhi, Hyderabad, Mumbai, and Bengaluru but the process has been started for Bengaluru and Hyderabad first. The Airports Authority of India (AAI) holds about a 13% stake respectively in the two airports of Hyderabad and Bengaluru. Hyderabad's Rajiv Gandhi International airport is owned and managed by a public-private venture, GMR Hyderabad International Airport Limited (GHIAL). Its stakeholders hold the AAI and the Government of Telangana, and a private consortium between GMR Group and Malaysia Airports Holdings Berhad. Currently, Bengaluru airport is a public-private venture with stakeholders involving Karnataka State Industrial Investment and Development Corporation (KSIIDC) for 13%, AAI for 13%, and 74% is held by private companies, Fairfax Financial 54% and Siemens Project Ventures 20%. The Ministry of Aviation is also working on a cabinet note for privatisation of 13 airports, where six major airports will be clubbed with seven minor airports, a source said. As many as 25 AAI airports have been considered for monetisation, under the recently declared 6-lakh-crore worth National Monetisation Pipeline (NMP). During FY22-25, the indicative monetisation value has been fixed at Rs 20,782 crore, out of this the government anticipates Rs 10,000 crore from stake sales in Hyderabad, Delhi, Mumbai, and Bengaluru airports, and the left Rs 10,782 crore has been estimated from the monetisation of 25 AAI airports. The government intends to get private players for Varanasi, Bhubaneswar, Trichy, Amritsar, Indore, and Raipur in FY22 and Calicut, Surat, Nagpur, Patna, Coimbatore, Madurai, Ranchi, and Jodhpur in FY23. Image SourceAlso read: AAI to soon exit government's joint venture airports

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?