+
Next stage of airport privatisation to begin in April
AVIATION & AIRPORTS

Next stage of airport privatisation to begin in April

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


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 202124 February Click for event info4th Indian Cement Review Conference 202117-18 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

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code