GST Applied to AAI-Adani Airport Deal

14 Nov 2024 CW Team

The Kerala Authority for Advance Ruling (AAR) has declared that GST will apply to the concession agreement between the Airports Authority of India (AAI) and Adani Group for Thiruvananthapuram Airport. Unlike similar agreements in other states, where these partnerships have been classified as "business transfers" and are therefore GST-exempt, the Kerala AAR ruled this contract as a "service transaction" subject to GST. This decision underscores the need for a uniform approach in GST applicability for public-private partnerships across India. It raises significant implications for the financial structuring of similar airport deals, potentially influencing both state tax policies and concession agreements across various sectors. The case highlights ongoing complexities in interpreting tax law under India’s GST framework and could lead to calls for clearer guidelines to prevent such discrepancies between states, ensuring consistency in taxation for concessionaires.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..