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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..