Government could soon announce Adani Infrastructure as the sole winner of its airport privatisation drive as the group submitted highest bids for five airports.
According to sources, the group submitted highest fare bids, on per-passenger basis for the international airports at Thiruvananthapuram, Mangalore, Ahmedabad, Jaipur and Lucknow. The final result for Guwahati airport will be revealed on February 26.
According to sources, Adani Infra submitted bid at an average per-passenger fare of Rs 170 per person. It bid the highest for Ahmedabad at Rs 177 per passenger, followed by Jaipur at Rs 174 per passenger.
The bids by all bidders was as follows-
Airport | Bidders (Per-passenger revenue quoted) |
Thiruvananthapuram | 1. KSIDC ₹ 135 2. Adani Enterprises ₹ 168 3. GMR Airports ₹ 63 |
Mangalore airport | 1. GMR Airports. ₹ 18 2. Adani Enterprises ₹ 115 3. Cochin international airport. ₹ 45 |
Ahmedabad airport | 1. Adani ₹ 177 2. GMR ₹ 85 3. AMP capital ₹ 127 4. Autostrade ₹ 60 5. PNC ₹ 66 6. I Investment ₹ 93 7. NIIF ₹ 146 |
Jaipur airport | 1. GMR ₹ 69 2. Adani ₹ 174 3. AMP capital ₹ 139 4. PNC ₹ 36 5. National investment ₹ 155 6. Investment ₹ 72 7. Autostrade ₹ 48 |
Lucknow airport | 1. Autostrade ₹ 55 2. GMR ₹ 63 3. Adani ₹ 171 4. PNC ₹ 27 5. AMP capital ₹ 139 6. I Investment ₹ 39 |
The government is privatising these airports on a public-private-partnership (PPP) model to develop “world-class” infrastructure. For the first time, the government wants a private player to have controlling stake in the airports and doesn't want a government entity to control it. The entire privatisation process will be handled by Public Private Partnership Appraisal Committee (PPPAC). Its members include NITI Aayog CEO and Secretaries from finance and aviation ministries.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.