Next stage of airport privatisation to begin in April

08 Feb 2021 CW Staff

The Airports Authority of India (AAI) will initiate the third stage of the airport privatisation process for 6-10 airports in April.

In her budget speech, Finance Minister Nirmala Sitharaman said that the government would privatise AAI airports from tier 1 and 3 cities during 2021-22.

The Ministry of Civil Aviation approved the leasing of six airports, namely Trichy, Indore, Amritsar, Varanasi, Bhubaneshwar, Varanasi, and Raipur for undertaking operations, management, and development through public-private partnerships (PPP).

Acting chairman Anuj Agarwal said AAI is raising Rs 2,100 crore from banks for its capital expenditure requirements in 2021-22.

AAI has already approved Adani Group's proposal to take over the Mumbai airport, said Agarwal.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

In September 2020, the Adani Group entered into a definitive pact to buy GVK Airport Developers Ltd's debt, against which a 50.5% stake in Mumbai International Airport Ltd (MIAL) had been pledged. The Gautam Adani-led conglomerate had said it would also buy the combined 23.5% stake held by Airport Co of South Africa and South Africa's Bidvest Group in MIAL.

Air India's divestment process is also on track, said the Ministry of Civil Aviation. The ministry said the transaction adviser has received the expression of interest (EoI) from bidders. The transaction adviser will now seek financial bids from the qualified bidders, said the ministry.

Also read: Adani’s MIAL takeover approved by AAI

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..