Adani Group To Operate Upcoming Navi Mumbai International Airport; Maharashtra Govt Gives Approval Gautam Adani, chairman and founder of the Adani Group (Abhijit Bhatlekar/Mint via Getty Images)

The Maharashtra government on Wednesday approved Adani Airport Holdings Ltd (AAHL) to operate the upcoming Navi Mumbai International Airport in the adjoining Thane-Raigad region, an official said here.

The state cabinet presided over by Chief Minister Uddhav Thackeray gave its green signal to AAHL as the new concessionaire to the prestigious greenfield airport coming up as a public-private partnership (PPP) project.

Earlier, the airport was to be developed by GVK, which was running the Mumbai International Airport Ltd (MIAL). But last year it was taken over by AAHL, and the same was approved by the Directorate of Civil Aviation, Airports Authority of India, SEBI, CCI and finally the CIDCO, which is overseeing the mega-project.

With this, the AAHL, headed by industrial magnate Gautam Adani, becomes the biggest private airport operator running several major airports like Mumbai, Navi Mumbai (upcoming), Bengaluru, Ahmedabad and Lucknow, besides three more likely in the near future.

The AAHL -- a wholly-owned subsidiary of the Adani Enterprises Ltd (AEHL) -- now has a majority stake in the new airport, with 26 per cent belonging to the AAI.

The Navi Mumbai International Airport is coming up on 1,160 hectares of land. It is expected to become operational in 2023-2024 and is poised to become the country's leading airport over the next decade for both domestic and international flights.

This news has been published via a Syndicated feed. Only the headline is changed.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement