Why five airports won by Adani could be a goldmine for the group and AAI

Five out of six airports won by Adani have recorded strong passenger growth since Modi came to power and are likely to be money spinners over the net few years

The Adani group has won five out of the six airports being privatised by the Modi government. On Monday when the financial bids were opened, the Adani group outbid its competitors to win Lucknow, Ahmedabad, Trivandrum, Mangalore and Jaipur. The bids for Guwahati airport haven’t yet been opened due to legal reasons.

Adani Enterprises' winning bid could be a potential goldmine not just for the Gautam Adani-led group, but also for Airports Authority of India (AAI), which will be signing a different revenue-sharing agreement for these airports than it has for its other joint ventures at Delhi, Mumbai, Bengaluru, Hyderabad