Winner of Air India auction likely to be announced by Oct 15

30 Sep 2021 CW Team

The central government is likely to announce the winning bid for Air India by the mid-October, bringing the divestment of the national carrier to a close.

The centre received multiple financial bids for the divestment of Air India on September 15. As a result, financial bids for Air India are believed to have been submitted by Tata Sons and industrialist Ajay Singh in his capacity.

According to the media, while Tatas are the front-runners for the carrier, all bids will be evaluated on a variety of criteria, and the winning bidder will be announced following approval by the Group of Ministers (GoM) led by the home minister.

Tuhin Kanta Pandey, DIPAM Secretary, had earlier said on Twitter that the disinvestment process has concluded.

Tata Sons bid was highly anticipated, as the company's name had been circulating for some time.

The government recently took several steps to expedite the national carrier's long-delayed privatisation. The centre decided to exempt assets transferred from the national carrier to Air India Assets Holding Limited, a special purpose vehicle (SPV), from taxes.

Finance Minister Nirmala Sitharaman said in her FY22 Budget speech that all proposed privatisation processes, including the much-delayed strategic disinvestment of Air India, would be completed by the end of the fiscal year.

Previously, only a few interested parties were chosen for the bidding round, including the Tatas. This is the central government's second attempt to sell its stake in the airline.

Prior to the pandemic, Air India operated over 50 domestic and international destinations on a standalone basis.

Image Source

Also read: Disinvestment process of Air India on right path: Jyotiraditya Scindia

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..