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

Next Story
Building Material

India, UAE Discuss Collaboration in Green Steel, Aluminium

Union Steel Minister H.D. Kumaraswamy met UAE’s Economy Minister H.E. Abdulla Bin Touq Al Marri to boost industrial collaboration under CEPA. Key topics included green steel, resource security, and production of high-grade steel and aluminium for automotive and strategic use.Indian PSUs like SAIL, NMDC, and MECON are deepening ties with UAE entities. All have set up offices in Dubai. A joint working group is proposed to streamline trade and logistics, enhancing India’s vision for a resilient global supply chain. ..

Next Story
Infrastructure Energy

SECI Crosses 60 GW in Renewable Power Sale Agreements

The Solar Energy Corporation of India Ltd (SECI) has signed over 60 GW of Power Sale Agreements, marking a major milestone in India's renewable energy progress. The agreements span solar, wind, and hybrid projects, ensuring payment security for developers and boosting investor confidence.Chairman Shri Santosh Kumar Sarangi highlighted SECI’s leadership in the energy transition. SECI will next focus on energy storage, green hydrogen and ammonia, and robust supply chains to meet India's clean energy targets...

Next Story
Infrastructure Energy

CEA, IIT Roorkee Sign MoU for Energy Sector Research

The Central Electricity Authority (CEA) and IIT Roorkee have signed a Memorandum of Understanding to collaborate on research and capacity building in the power sector. The agreement covers hydropower, clean energy transition, integration of renewables, and emerging technologies like green hydrogen and e-mobility.The partnership aims to enhance technical expertise, promote sustainable practices, and support India’s net-zero emission targets. Key areas include emission inventories, battery recycling standards, and improving power supply reliability. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?