adani airports holdings ltd

The managed portfolio agreement will add close to 1,500 hotel rooms across India, with Mangaluru among cities planned for hospitality-led airport development

Himanta Biswa Sarma is set to take oath for his second consecutive term as Assam's Chief Minister, joining an elite group of BJP leaders with multiple terms. Prime Minister Narendra Modi will attend the swearing-in ceremony, highlighting the significance of Sarma's re-election and the BJP's strengthened position in the Northeast.

According to the latest wealth rankings, Adani’s net worth has reached $92.6 billion, placing him ahead of Ambani, whose fortune is estimated at $90.8 billion. This shift has positioned Adani at the top spot both in India and across Asia.

Preparing to embark on a major infra upgrade, Adani Airport Holdings Ltd (AAHL) has raised $250 million funding from a consortium of Standard Chartered and Barclays Bank with an option to raise another $200 million.

Adani Group's 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.

Adani Airport Holdings Limited, the airports business of the Adani Group, may contemplate a listing on the Indian stock markets in the coming period, as mentioned by Jeet Adani, the younger son of Adani Enterprises vice president Gautam Adani. Jeet Adani stated on Wednesday that the potential listing depends on the fulfillment of specific triggers, with the Navi Mumbai airport being a significant milestone. However, he emphasized that it is just one of the triggers that need to be surpassed before making such a decision.

Travelling by the Sardar Vallabhbhai Patel International airport (SVPI)? Your assistance experience may be certainly different and tech-savvy now! The operator of the SVPI on Saturday announced it has developed an artificial intelligence (AI) based surveillance service, desk of goodness,

Travelers at several Indian airports are facing lounge access disruptions as Dreamfolks Services Ltd has abruptly suspended its services. Adani Airport Holdings Ltd is working with banks to restore these services quickly. Meanwhile, lounges at Adani-operated airports are accepting major debit and credit cards from other providers. AAHL manages seven airports, soon adding Navi Mumbai International Airport.

Adani Airport Holdings is contemplating raising $1 billion from global investors, potentially marking its first external equity funding. Valued at $20 billion, surpassing GMR Airport's market capitalization, AAHL manages seven airports and is set to inaugurate its eighth in Navi Mumbai.

The Adani Group on Tuesday said the headquarters of both the Mumbai Airport and the upcoming Navi Mumbai Airport will remain in the megapolis and is not being shifted to the infra major's group base Ahmedabad.

A bunch of Shiv Sena workers on Monday shouted slogans and vandalised and damaged a signboard with ‘Adani Airport’ written on it outside the international airport.

In further escalation in the ongoing military confrontation in eastern Ladakh since early-May, fresh clashes erupted between Indian and Chinese troops on the southern bank of Pangong Tso during the intervening night of Saturday and Sunday. There was no immediate official word on whether there were any casualties in the latest clashes

Kenya's aviation union planned a strike over a proposed deal involving India's Adani Airport Holdings to upgrade Nairobi's Jomo Kenyatta International Airport. The union cited concerns over job impacts and described it as an unlawful sale. The government stated no agreement was reached and assured safeguards for national interests. The airport urgently needs upgrades costing $2 billion.

Passengers at Mumbai and Ahmedabad airports are facing lounge access issues due to a disruption in services by Dreamfolks Services Ltd. Adani Airport Holdings is working with banks to resolve the issue, temporarily accepting all major debit and credit cards from other providers to support passengers during this period.

The land reclamation drive for Chaudhary Charan Singh International Airport in Lucknow has been postponed until October 15 due to protests by local farmers. They argue the land acquisition is illegal and plan to approach the Supreme Court. The administration is conducting surveys for compensating farmers whose crops will be affected.

Adani Airport Holdings Ltd (AAHL), wholly owned by Adani Enterprises, is now India’s biggest private airport operator in terms of the number of airports (eight) under it—one greenfield and seven operational airports, accounting for 25% airport footfalls.

The Adani Group has achieved financial closure for the Navi Mumbai International Airport (NMIA), paving way for the first phase of this awaited-for-decades project to be ready by December 2024.