adani managed airports

Analysts are bullish on Adani Enterprises, HAL, and Trent, citing growth drivers like new energy and engine co-production. Aurobindo Pharma's biologics expansion shows promise but financial gains are distant. Aditya Birla Capital's housing finance arm impresses with strong loan growth and improved asset quality, despite minor revenue misses.

Major cloud providers like AWS and Microsoft Azure are exploring rerouting data center workloads from West Asia to India and Singapore due to recent geopolitical disruptions. Drone strikes impacted AWS data centers in the UAE and Bahrain, causing service outages. This temporary shift could spur long-term investment in India's growing data center capacity.

The Adani Group will take over the operation and management of Mangaluru, Lucknow and Ahmedabad airports on October 31 and November 2 and 7, respectively, the Airports Authority of India (AAI) announced on Thursday. Citing the pandemic, the group had sight time to take over the airports and AAI had asked it to do so by November 12.

Adani group on Friday signed agreements for operating the airports at Ahmedabad, Lucknow and Mangaluru with the Airports Authority of India (AAI). The group had earlier won the bids for operating 6 AAI airports and will take over at these three places.

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.

The Kerala government did not qualify in Thiruvananthapuram airport's bidding process that was carried out in a transparent manner, civil aviation minister Hardeep Singh Puri said on Thursday. The Kerala government has opposed the Union Cabinet's approval on Wednesday to lease out the Thiruvananthapuram airport to Adani Enterprises through public private partnership.

New Delhi, Feb 25 () The Adani group has won the bid to operate five out of six airports that were put for privatisation by the central government, a senior official of the Airports Authority of India (AAI) said Monday.

Following controversy over the renaming Mumbai airport, Maharashtra Cabinet Minister and Nationalist Congress Party leader Nawab Malik slammed the proposed name change.

The government had decided to lease out six airports for 50 years to run them the public-private way last year. AAI had invited bids in December 2018 and Gautam Adani’s infra major Adani Group had emerged as the highest bidder in all these six airports. As of now, Ahmedabad, Lucknow and Mangaluru airports will start to be run by the Adani group while the rest will follow soon.