This story is from June 26, 2024
Adani Enterprises to invest $21 billion in its airport business over the next 10 years
Currently, the aero to non-aero revenue ratio stands at 75:25 at six airports, while Mumbai airport maintains a 50:50 ratio.
The airport business, managed by Adani Airport Holdings, a wholly owned subsidiary, currently operates seven airports across India, including those in Mumbai, Lucknow, Ahmedabad, Jaipur, Guwahati, Thiruvananthapuram, and Mangalore.
The company has initiated Phase I of city-side development across 98 acres at five airports: Mumbai, Ahmedabad, Jaipur, Lucknow, and Guwahati.
The diversification of revenue streams, coupled with the government's support for the public-private partnership model and India's projected growth as the world's third-largest aviation market, is expected to drive growth at Adani Airport.
The concept of a smart city, similar to GMR Aerocity in New Delhi, which offers food joints, retail brands, hotels, and premium office spaces near airport terminals, is being adopted by Adani Airport.
Additionally, the company is constructing the Navi Mumbai International Airport, which is expected to be completed by the end of this year or early next year. Singh also mentioned that once the airports business matures, it will be independently listed by 2028, following the Adani Group's typical strategy of demerging incubated businesses within Adani Enterprises.
Vande Bharat sleeper and Vande Metro - the two new trains by Indian Railways - are all set to hit tracks for trials in the coming months. While Vande Bharat sleeper train aims to better the Rajdhani Express travel experience for overnight journeys, the Vande Metro has been made with the idea of providing faster, more comfortable travel for short-distance train travel. Railway officials told TOI that Vande Metro trials will begin soon and Vande Bharat sleeper will roll out for trials by August 15. So how will the new trains change passenger travel experience on Indian Railways? Let’s take a look at the features that make Vande Bharat sleeper and Vande Metro special:
Vande Bharat sleeper, with features superior to the Rajdhani Express train, will be a semi-high speed train set with a speed of 160 kmph. The train will be tested at 180 kmph. The first prototype, being manufactured by BEML, will have a total of 16 coaches, which will include 11 AC 3 tier coaches, 4 AC 2 tier coaches, and a single AC 1st coach.
Vande Bharat sleeper train passengers can expect improved comfort in the berths, which will be equipped with extra cushioning, surpassing the standards of Rajdhani Express trains. The sides of each berth will also be well-cushioned to ensure a pleasant journey. Additionally, the ladder design will be optimized to facilitate easier access to the upper and middle berths.
Vande Bharat sleeper features: The common areas of the train will be equipped with sensor-based lighting, while energy-efficient overhead lighting will provide sufficient illumination throughout the train. Vande Bharat sleeper trains will feature sensor-based intercommunication doors, noise insulation and mitigation measures for a quiet saloon space, special berths and toilets for differently-abled passengers, and automatic entry/exit doors. The gangways will be fully sealed for a dust-free environment.
Vande Bharat sleeper trains will have semi-permanent couplers, a technology already employed in the current Vande Bharat chair car trains, with aim for jerk-free smooth rides. According to officials, Vande Bharat sleeper will also have superior crashworthy features for passenger safety.
Vande Bharat Sleeper Exterior: Officials have told TOI that the exterior design of the Vande Bharat sleeper train will draw inspiration from the "prowess of eagles," featuring sleek lines and a "fierce aura."
Vande Metro, a self-propelled train based on the Vande Bharat platform, is designed to replace Mainline EMU trains and offer passengers a faster and more comfortable travel experience. Unlike traditional trains, the Vande Metro does not require a locomotive to pull it, making it a more efficient and streamlined transportation option.
Vande Metro speed: Equipped with rapid acceleration and deceleration technology, the Vande Metro trains will be capable of reaching a maximum operational speed of 130 kmph, significantly surpassing the speed of current Mainline EMUs.
Vande Metro interior: The interior of the Vande Metro trains will feature modern, lightweight cushioned seats, providing seating for 100 passengers per coach, with additional standing room for 200 individuals.
Vande Metro will have lightweight aluminium luggage racks and Passenger Information Systems with LCD displays. The train will have automatic entry and exit doors, mobile charging sockets, route indicator displays, and wider panoramic sealed windows with roller blinds.
Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
- Stock market today: BSE Sensex over 150 points down; Nifty50 near 23,650
- SBI launches Har Ghar Lakhpati RD: How much monthly investment will yield Rs 1 lakh? Check calculations here
- 'Will consult before data transfer curb': Ashwini Vaishnaw
- Budget 2025: Raise income tax exempt limit to Rs 10 lakh - RSS Unions tell FM Sitharaman
- Finmin appoints SBI Chairman C S Setty, Uday Kotak as governing council members of NIIF Trustee
- Stock market today: BSE Sensex over 150 points down; Nifty50 near 23,650
- Budget 2025: Modi government to simplify income tax filing rules, says report
- Budget 2025: Raise income tax exempt limit to Rs 10 lakh - RSS Unions tell FM Sitharaman
- Namo Bharat Trains: Travel From Delhi To Meerut In Just 35 Minutes At 160 Kmph On RRTS! From Fares To Route Map & Stations - Top 10 Facts
- Foreign investors pull out Rs 4,285 crore from Indian equities amid high valuations, global headwinds
- Govt to launch another round of PLI scheme for steel sector on Monday
- NPS systematic withdrawal plan suits retirees with large corpus
- 8 Reasons Why You Should Include Visual Elements in Your Board Exam Answers
- 9 ways to rewire your brain and re-energize to work harder
- Hyundai Creta electric: Design, features, range, specifications explained in images
- 9 time management tips for school students to achieve success in 2025
- 8 Ways Online Games Can Make Students Smarter