The Adani Group has consented to concession arrangements with the Airports Authority of India for the administration, tasks and advancement of Guwahati, Jaipur and Thiruvananthapuram airports. The government of India has decided to privatise six significant air terminals of India, which are at Jaipur, Mangalore, Lucknow, Ahmedabad, Thiruvananthapuram and Guwahati. As indicated by terms and conditions determined in the concession arrangement, the Adani Group should assume control over the air terminals within a half year. The concessionaire will oversee, create and work the air terminals for about 50 years.
The Gautam Adani drove Adani Enterprises in February 2019 and arose as the most noteworthy bidders for AAI-worked air terminals in Ahmedabad, Jaipur, Mangalore, Thiruvananthapuram and Lucknow, which were set up for privatization under the public private organization (PPP) model. Adani Group has just begun working on three airports in Lucknow, Mangalore and Ahmedabad. Adani Group had no practice of running air terminals, still made a higher bid than their competitors like GMR Group during the government’s airports privatization programme.
Following the Coronavirus crisis, which brought up travel limitations and border closures, the organization had invoked a major clash in the public-private partnership (PPP) agreement to postpone taking in charge of the airports at Ahmedabad, Lucknow and Mangalore. In an interview, Adani Group spokesperson who is in charge of airport division did not pass on any comments regarding this issue.
Of late, Adani Group has been in news for various reasons. Few of them include clean energy and allegations by Subramaniam Swamy over reportedly NPAs of Adani Group.