Nagpur Airport Expansion Gets Approval as MADC Transfers 786ha Land
AVIATION & AIRPORTS

Nagpur Airport Expansion Gets Approval as MADC Transfers 786ha Land

Maharashtra Airport Development Company (MADC) has given the green light for Nagpur Airport's major expansion, approving the transfer of 786 hectares of land to Mihan India Limited (MIL) on Saturday. This land, which extends to Air India's aircraft maintenance and overhaul depot in Mihan-SEZ, will be used to build the expanded airport.

MIL, the operator of Babasaheb Ambedkar International Airport, has signed a concessionaire agreement with GMR Group for the brownfield expansion. The land transfer formalities are set to be completed by April, enabling GMR to begin construction. However, the transfer requires the rehabilitation of residents in Shivangaon and nearby areas, which MADC is working to complete first.

MADC, which holds a 51% stake in MIL, is now collaborating with GMR to develop the airport infrastructure. As part of this partnership, MIL will receive the land from MADC, which also aims to enhance the airport’s facilities, including new terminals, parking spaces, and a second runway in future developments.

CM Devendra Fadnavis, MADC's chairman, indicated that the state will invest in infrastructure such as night landing facilities and runway expansions to ease the burden on urban airports.

MADC also plans to take control of five airports in Maharashtra previously operated by Reliance Airport Developers Limited (RADL). This includes airports in Yavatmal, Baramati, Nanded, Osmanabad, and Latur. Fadnavis is optimistic that this will speed up development.

Maharashtra Airport Development Company (MADC) has given the green light for Nagpur Airport's major expansion, approving the transfer of 786 hectares of land to Mihan India Limited (MIL) on Saturday. This land, which extends to Air India's aircraft maintenance and overhaul depot in Mihan-SEZ, will be used to build the expanded airport. MIL, the operator of Babasaheb Ambedkar International Airport, has signed a concessionaire agreement with GMR Group for the brownfield expansion. The land transfer formalities are set to be completed by April, enabling GMR to begin construction. However, the transfer requires the rehabilitation of residents in Shivangaon and nearby areas, which MADC is working to complete first. MADC, which holds a 51% stake in MIL, is now collaborating with GMR to develop the airport infrastructure. As part of this partnership, MIL will receive the land from MADC, which also aims to enhance the airport’s facilities, including new terminals, parking spaces, and a second runway in future developments. CM Devendra Fadnavis, MADC's chairman, indicated that the state will invest in infrastructure such as night landing facilities and runway expansions to ease the burden on urban airports. MADC also plans to take control of five airports in Maharashtra previously operated by Reliance Airport Developers Limited (RADL). This includes airports in Yavatmal, Baramati, Nanded, Osmanabad, and Latur. Fadnavis is optimistic that this will speed up development.

Next Story
Infrastructure Urban

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..

Next Story
Infrastructure Energy

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..

Next Story
Real Estate

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement