In the first round of privatisation, airports in Jaipur, Thiruvananthapuram and Guwahati were cleared by the Union Cabinet for operation, management and development by Adani Enterprises through the public-private partnership (PPP) model.
The three airports to be handed over are part of the original six that were auctioned last year, wherein Adani Enterprises emerged as the highest bidder. Contracts for the Ahmedabad, Lucknow and Mangalore airports were signed earlier this year, but Adani is yet to take over their operations because of coronavirus-led disruptions.
In this edition of Big Story, Moneycontrol's Sakshi Batra tells us more about the public-private pact between the Airport Authority of India and Adani Enterprises and how things will pan out going forward.
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!