Adani Group eyes stake in Bengaluru airport
AVIATION & AIRPORTS

Adani Group eyes stake in Bengaluru airport

Adani Group has been weighing various options for acquiring a stake in the airport. Fairfax has held discussions, and the company is eager to participate in the bid for the 13% stake in the Airports Authority of India (AAI).

Under a 30-year concession agreement with the central government, BIAL owns and operates Bengaluru's Kempegowda International Airport. It has the option to extend the contract for another 30 years.

The airport project was awarded in 1999 to the unique 40:17:17 partnership led by the Siemens project consortium consisting of Zurich and L&T, with AAI and Karnataka State Industrial and Infrastructure Development Corporation each holding a 13% stake.

Also Read
PM unveils Terminal 2 at Bengaluru's Kempegowda International Airport
Foundation stone of Bhogapuram International Airport delayed

Adani Group has been weighing various options for acquiring a stake in the airport. Fairfax has held discussions, and the company is eager to participate in the bid for the 13% stake in the Airports Authority of India (AAI). Under a 30-year concession agreement with the central government, BIAL owns and operates Bengaluru's Kempegowda International Airport. It has the option to extend the contract for another 30 years. The airport project was awarded in 1999 to the unique 40:17:17 partnership led by the Siemens project consortium consisting of Zurich and L&T, with AAI and Karnataka State Industrial and Infrastructure Development Corporation each holding a 13% stake. Also Read PM unveils Terminal 2 at Bengaluru's Kempegowda International Airport Foundation stone of Bhogapuram International Airport delayed

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?