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Adani Enterprises update on airport business

Adani Group signs concession agreement with AAI for these three airports, check details

Adani Group signs concession agreement with AAI for these three airports, check details In a regulatory filing, the company said that the concession period is 50 years from the commercial operation date. Share Updated: Jan 19, 2021, 04:31 PM IST Adani Enterprises on Tuesday said that it has signed the concession agreement with the Airports Authority of India (AAI) for operating and developing the Jaipur, Guwahati and Thiruvananthapuram airports. In a regulatory filing, the company said that the concession period is 50 years from the commercial operation date. Adani Jaipur International Airport Limited, Adani Guwahati International Airport and Adani Thiruvananthapuram International Airport, wholly-owned subsidiaries of the company have signed the concession agreement on January 19, 2021 with Airports Authority of India for the operations, management and development of Jaipur, Guwahati and Thiruvananthapuram airports respectively, it said.

Adani Enterprises climbs on signing concession agreement with AAI

Adani Enterprises rose 3.99% to Rs 527.50 after the company announced that it has signed a concession agreement with Airports Authority of India(AAI) for Jaipur, Guwahati, Thiruvananthapuram airports.Adani Jaipur International Airport , Adani Guwahati International Airport and Adani Thiruvananthapuram International Airport , wholly-owned subsidiaries of Adani Enterprises have signed the concession agreement on 19 January 2021 with Airports Authority of India for the operations, management and development of Jaipur, Guwahati and Thiruvananthapuram airports respectively. The concession period is 50 years from the commercial operation date. Adani Enterprises is the flagship company of Adani Group, one of India s largest business conglomerates. Its net profit surged to Rs 362.37 crore in Q2 September 2020, compared with Rs 49.50 crore in Q2 September 2019. Revenue from operations stood at Rs 9,126.42 crore in Q2 FY21, rising nearly 8% from Rs 8,464.19 crore in the same period last yea

AAI hands over Jaipur, Guwahati, Thiruvananthapuram airports to Adani Enterprises

AAI hands over Jaipur, Guwahati, Thiruvananthapuram airports to Adani Enterprises In August last year, the Cabinet had approved the proposal for leasing out Jaipur, Guwahati and Thiruvananthapuram airports to Adani Enterprises after it won these in an auction BusinessToday.In | January 19, 2021 | Updated 16:24 IST Billionaire Gautam Adani-led Adani Enterprises has been awarded three airports Billionaire Gautam Adani-led Adani Enterprises on Tuesday said it has signed a concession agreement with Airports Authority of India (AAI) for operating and maintaining Jaipur, Guwahati, Thiruvananthapuram airports. The concession period is 50 years from the commercial operation date for the operations, management and development of these airports.

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