Adani Group Wins Bid to Operate And Upgrade 5 Out Of 6 Airports

| February 25 , 2019 , 16:34 IST

The Adani group has won the bid to operate five out of six airports that were put for privatization by the central government, a senior official of the Airports Authority of India (AAI) said on Monday.

Adani's were the highest bidder for Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru and Jaipur airports, the official said, adding the bid for the Guwahati airport will be opened on Tuesday.

AAI chose the winner on the basis of "monthly per-passenger fee."

The officials said the bids put by Adani group were "very aggressive" as compared to other bidders.

Adani Group has made a splash into the airports business by emerging the highest bidder for five of the six non-metro airports run by the Airports Authority of India (AAI) being privatized by the Central government.

According to the source report, The Adani group placed the highest price bids for Ahmedabad, Jaipur, Lucknow, Mangalore and Thiruvananthapuram airports, when bids were opened.

The Adani Group pipped other contenders such as GMR group, National Investment, and Infrastructure Fund (NIIF), Fairfax India Holdings Corporation, Australia’s AMP Capital, PNC Infratech Ltd, and Kerala State Industrial Development Corporation Ltd (KSIDC) to become the highest bidder for the airport contracts.

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The Adani Group quoted a per passenger fee of Rs 168 for the Thiruvananthapuram airport and the price submitted by KSIDC did not come with the ten percent of the highest bid for the Kerala government-owned firm to get the benefit of the right of first refusal (RoFR).

Amanda Orleander

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