Noida Airport's First Phase Development costs around Rs 100.56 billion

31 Jan 2024 CW Team

The first phase of the airport, covering 1,300 hectares, is planned to commence flight operations by September. Goyal conducted a review meeting with officials from the developer Yamuna International Airport (YIAPL), a wholly-owned subsidiary of Zurich International Airport AG, the concessionaire for the greenfield airport.

According to a statement, Kumar Harsh, Director of UP Civil Aviation; Kiran Jain, Chief Operations Officer of Noida Airport; OSD Shailendra Bhatia; and Deputy Collector Abhay Singh were present during the meeting.

In the review, YIAPL informed the additional chief secretary that the terminal building, ATC tower, and runway are in progress through the EPC contractor Tata Projects, following the airport's development plan.

The concessionaire assured him that both machinery and workforce have been augmented at the airport site, and the construction will be completed as scheduled. Goyal directed the officials to ensure that the airport development adheres to the timeline, aiming for completion by September 2024.

OSD Bhatia, speaking to PTI, stated that an expenditure of Rs 100.56 billion is anticipated for the first phase of airport development. He further mentioned that around Rs 71 billion has already been spent, constituting more than 70 percent of the financial expenditures, which includes expenses related to land acquisition and development.

During its initial phase, the airport, assigned the code DXN, is expected to have one runway and a terminal building with the capacity to handle 12 million passengers annually.

The officials mentioned that the first phase of development for the upcoming international airport in Noida is estimated to cost Rs 100.56 billion. Currently, approximately Rs 71 billion has been expended on the project. S P Goyal, Additional Chief Secretary to the Uttar Pradesh Chief Minister, conducted a review of the progress of the international airport in Jewar. During the review, he instructed the relevant officials to ensure the completion of the work by September of this year. The first phase of the airport, covering 1,300 hectares, is planned to commence flight operations by September. Goyal conducted a review meeting with officials from the developer Yamuna International Airport (YIAPL), a wholly-owned subsidiary of Zurich International Airport AG, the concessionaire for the greenfield airport. According to a statement, Kumar Harsh, Director of UP Civil Aviation; Kiran Jain, Chief Operations Officer of Noida Airport; OSD Shailendra Bhatia; and Deputy Collector Abhay Singh were present during the meeting. In the review, YIAPL informed the additional chief secretary that the terminal building, ATC tower, and runway are in progress through the EPC contractor Tata Projects, following the airport's development plan. The concessionaire assured him that both machinery and workforce have been augmented at the airport site, and the construction will be completed as scheduled. Goyal directed the officials to ensure that the airport development adheres to the timeline, aiming for completion by September 2024. OSD Bhatia, speaking to PTI, stated that an expenditure of Rs 100.56 billion is anticipated for the first phase of airport development. He further mentioned that around Rs 71 billion has already been spent, constituting more than 70 percent of the financial expenditures, which includes expenses related to land acquisition and development. During its initial phase, the airport, assigned the code DXN, is expected to have one runway and a terminal building with the capacity to handle 12 million passengers annually.

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..

Infrastructure Energy

05 Nov 2025

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..

Infrastructure Urban

05 Nov 2025

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..