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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..