Zurich airport will invest Rs 4,666 crore in the first phase of the project
Govt plan for privatisation has flaws
The vision to build India, he said, enabled Adani Group to enter sectors facing critical demand gaps and growth through expansion into adjacent sectors
Facing criticism that privatising profit-making airports is saddling the AAI with economically unviable airports and fostering monopoly in the sector, the Centre is planning to rewrite policy
The Rail Land Development Authority (RLDA) has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub
The transaction was completed by way of a cash transaction with one of the existing shareholders of PLR Systems
A portion of this was routed back to the promoters of the GVK Group in the joint venture company through multiple complex transactions, according to the federal agency
Adani Ports and Special Economic Zone, Adani Power, and Adani Transmission were up in the range of 1 per cent to 3 per cent.
"If the government runs an airport or an airline, then they have to follow the government rules like L1 and L2, and that is not how commercial entities can run," Puri said
Issues related to airport deal raise questions
Call Mumbai airport stake sale to Adani a breach of agreement
The company is aiming to become the leading airport operator in the country after getting access to the key Mumbai airport and that has driven investor sentiment and confidence, say experts
Chief Minister Pinarayi Vijayan said that since the state govt had agreed to match Adani's bid, Centre's decision to privatise the airport cannot be justified
All that happened in the markets today
The three airports are part of the six airports won by the Adani group under a competitive bidding process
Other stocks that were buzzing in the trade were Texmaco Rail (up 11 per cent), Capacite Infraprojects (up around 10 per cent), and Adani Enterprises (up over 8 per cent).
The handover of Ahmedabad, Lucknow, and Mangalore airport is still pending as Adani Enterprises sought time to pay an upfront fee of Rs 1,000 crore for the three airports
Maintains capex guidance of Rs 10,000 crore for the year
The Gautam Adani-led company had clocked a consolidated profit of Rs 570.14 crore in the corresponding quarter a year ago, the company said in a BSE filing
The companies that signed MoUs include Adani Enterprises (Rs 2,300 crore), Visteon (Rs 500 crore) and Airflow Equipments (Rs 320 crore), among others