Adani Group to get control of 5 big airports after it wins bids

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The Centre’s Narendra Modi government has decided to hand over the control of country’s five airports to the Adani Group after it emerged as the top bidder. These airports are Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru and Jaipur.

Adani Group

The auction for the sixth airport, Guwahati, will be held soon.

According to the Airport Authority of India, Adani Group’s bids were very aggressive in comparison with other bidders. The AAI chose the winner on the basis of monthly per passenger fee, reported The Indian Express.

As many as 10 companies had submitted 32 bids in total to acquire the control of six airports, currently managed by the AAI. The Adani Group, according to The Hindu BusinessLine, beat other contenders such as GMR Group, National Investment and Infrastructure Fund, Fairfax India Holdings Corporation, Australia’s AMP Capital, PNC Infratech Ltd and Kerala State Industrial Development Corporation Ltd to win the control of these five airports.

A report by news agency PTI said that in November last year, the government had cleared a proposal for managing six AAI-run airports on public-private partnership (PPP) basis.

The Ahmedabad and Jaipur airports received seven bids each. Those at Lucknow and Guwahati received six bids each. Mangaluru and Thiruvananthapuram received three bids each.

Adani Group’s head Gautam Adani is known to be a very close friend of Prime Minister Narendra Modi.

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