Kolkata airport to be privatized

17 Feb 2023 CW Team

The decision by the federal government to privatise Kolkata's Netaji Subhas Chandra Bose International Airport is a significant move. The procedure to finalise the terms and conditions for the bidding is currently under way. The Civil Aviation Ministry has picked a list of 25 airports throughout the nation.

Several significant airports, including Varanasi and Chennai, as well as more modest ones, like Indore, Jabalpur, and Kushinagar, are on the list of those scheduled for privatisation during the second phase of airport privatisation. The ministry anticipates receiving an upfront payment of 100,000 million.

Civil aviation minister Jyotiraditya Scindia had stated regarding the privatisation process in December, "our aim is to lease out the assets for a period of time and gain cash flow, which will then be spent to build up new airports in tier 2 and tier 3 towns.

By two months, the full project and the Cabinet note should be completed and ready for submission to the Cabinet for approval.

The government privatised six airports in 2019 (Lucknow, Ahmedabad, Mangalore, Jaipur, Guwahati, and Thiruvananthapuram), and industrialist Gautam Adani's Adani Group won the bidding for all six airports. Afterwards, the gang seized control of the Mumbai International Airport from GVK as well.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..