Page 25 - Developers Ltd News Today

Adani Airport Holdings Ltd (AAHL), the flagship holding company of the Adani group for its airports business, has acquired  an additional 23 per cent stake in Mumbai International Airport Ltd (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd or Bidvest for Rs 1,684.25 crore. With this, the Gautam Adani-led group will have a 74 per cent stake in MIAL with the rest being held by the Airports Authority of India (AAI). In August, the group had said it would acquire GVK A...

Adani Airports buys 23.5% stake in Mumbai International Airport for $224.6m Adani group chairman Gautam S. Adani. Photographer: Tomohiro Ohsumi/Bloomberg Premium Adani Airport Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises, has acquired 23.5 percent stake in Mumbai International Airport (MIAL) from ACSA Global (ACSA) and Bid Services Division (Mauritius), or Bidvest, for ₹1,685.25 crore, the company said in a regulatory filing. Continue...

February 06, 2021 The Adani Group has completed the acquisition of 23.5 per cent of Mumbai International Airport Limited (MIAL) from ACSA Global Limited (ACSA) and Bid Services Division (Mauritius) Limited (Bidvest). “AAHL has completed the acquisition of 23.5 per cent equity stake in MIAL. This acquisition forms part of the transaction pursuant to which AAHL proposes to acquire controlling interest in MIAL as specified in our intimation dated August 31, 2020,” the company said in a state...

MEP Infrastructure Developers Limited receives LOA for fee collection for Badarpur Elevated Plaza Posted On: 2021-02-04 20:58:01 (Time Zone: Arizona, USA) MEP Infrastructure Developers Limited (MEP) has received the Letter of Award (LOA) dated February 4, 2021 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the Contractor for the collection of user fee through E-quotation (e-tender) for Badarpur Elevated Plaza at Km. 18.700 and Km. 20.200 on Section ...

Privatization of 6-10 airports to begin from April AAI is raising ₹2,100 crore for its capex requirements (Mint) Share Via Read Full Story NEW DELHI : The Airports Authority of India (AAI) will begin the third stage of the airport privatization process for 6-10 airports in April, civil aviation secretary Pradeep Singh Kharola said on Thursday. The government will use a new approach for privatizing airports, clubbing a profitable airport with a loss-making airport for the sale process, Kharo...

MEP Infra receives LOA from NHAI for user fee collection for PITHAI Fe Plaza Posted On: 2021-02-02 21:32:28 (Time Zone: Arizona, USA) Mep Infrastructure Developers Limited (MEP) has received the Letter of Award (LOA) dated February 02, 2021 from National Highways Authority of India (NHAI) stating that MEP has been engaged as the Contractor for the collection of user fee on the basis of the Competitive Bidding through e-tender for PITHAI FEE PLAZA at km 37.300 for 4 laning of Ahmedabad - Go...

Union Budget 2021: Who Gained & Who Lost? Published by GulteDesk February 01, 2021 The Union Budget 2021 announced today by Finance Minister Nirmala Sitharaman attracted huge criticism, especially from the Telugu states. The Finance minister sanctions for Tamil Nadu and other southern states but snubbing the Telugu states’ demands once again is fueling more angst. Apart from the center and finance ministries’ biased budget this year, there are fields that gained and there are losers with...

Picture used for representational purpose only HUBBALLI: Anxiety among the people over the condition of the roads in and around the twin cities has mounted many notches following the recent tragic accident on Hubballi-Dharwad bypass road that cost the life of 11 people. Worried residents have launched a signature campaign to push the authorities concerned towards making the bypass road, a stretch infamous for accidents, one on which nearly 30 to 35 fatalities are reported on average each year. ...

IRB Infrastructure Developers Ltd on Monday reported a 56 per cent decline in its consolidated net profit to Rs 69.48 crore for the quarter ended December 31, 2020. The company had clocked a Rs 159.73-crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during October-December 2020 fell to Rs 1,594.80 crore, from Rs 1,790.17 crore in the year-ago period. The firms expenses stood at Rs 1,459.32 crore, lower as compared with Rs 1,53...

IRB Infras SPV achieves Financial Closure for Gandeva - Ena HAM Project Posted On: 2021-01-18 04:23:49 (Time Zone: Arizona, USA) The VM7 Expressway Pvt. Ltd., a Wholly-owned Subsidiary and an SPV of the IRB Infrastructure Developers Ltd., Indias leading and one of the largest highway developers has achieved Financial Closure for its Gandeva - Ena HAM project in Gujarat. The project is 8 laning of Gandeva - Ena section of 27.500 Kms on the upcoming Vadodara Mumbai Expressway under the Bhara...