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Adani bags operating right for Guwahati airport as well

Livemint:  February 26, 2019

Mumbai: The Gautam Adani-led Adani Enterprises Ltd has won the right to operate and manage the Guwahati airport for the next 50 years, bringing all 6 airports where operations were to be privatized under its control.

When financial bids were opened on Tuesday, AEL had bid a per passenger fee of «¤??160 that it would pay the Airports Authority of India for the right to run the airport, the highest among all bidders.

An AAI press release said when the financial bids were opened for Lokpriya Gopinath Bordoloi International Airport, Guwahati, AEL had led the pack by bidding «¤??160 while the NIIF-Zurich Airport International consortium had bid «¤??155, AMP Capital had bid «¤??136, GMR Infrastructure had bid «¤??59 and PNC Infratech had bid «¤??18.

On Monday, AEL had won rights to run five other airports -- those in Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram and Mangaluru – where operations are being privatized.

The AAI will issue letters of award for the five airports to AEL on Thursday. With the successful bids, AEL has broken the duopoly of the GVK and GMR groups as the largest private sector airport operators in the country. From 2014, the group has diversified into power transmission and distribution, aerospace and defence, renewable energy, roads, slum redevelopment, and copper smelting and coal mining in Australia.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.