Adani's Airport Acquisitions: A Comprehensive Overview

The Adani Group has won the mandate to run six airports in India. The airports are Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Guwahati and Mangaluru. The Adani Group was the highest bidder for all six airports, quoting revenue share in the range of Rs 115 to Rs 177 per passenger. The bid was decided on the basis of the highest per-passenger fees quoted by the bidder. The Adani Group will pay over Rs 3 lakh crore to the Airport Authority of India (AAI) for operating the airports under the public-private partnership (PPP) model.

The Adani Group will pay over Rs 3 lakh crore to the Airport Authority of India for operating six airports

The Adani Group will pay over Rs 3 lakh crore to the Airport Authority of India (AAI) for operating six airports in the country under the public-private partnership (PPP) model. The airports are Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Guwahati and Mangaluru. The Adani Group emerged as the highest bidder for all six airports, quoting revenue share in the range of Rs 115 to Rs 177 per passenger.

The Adani Group's aggressive bids revealed how eager they were to enter the airport sector. For example, for the Ahmedabad airport, Adani outbid the GMR group by quoting Rs 177 per passenger against the GMR's Rs 85. For the Lucknow airport, Adani bid Rs 171 per passenger, beating AMP Capital's quote of Rs 139.

Five out of the six airports won by Adani have recorded strong passenger growth since Modi came to power and are likely to be money spinners over the next few years. With these six airports under concession, the Adani Group will become the third-largest private airport operator in terms of passengers handled, after the GMR group and GVK group.

The company emerged as the highest bidder for all six airports

The Adani Group emerged as the highest bidder for all six airports, beating out 10 other companies. The airports in question are Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Guwahati and Mangaluru. The Adani Group offered between Rs 115 and Rs 177 per passenger for the airports, with the highest bid being for Ahmedabad airport and the lowest for Mangaluru.

The Adani Group's aggressive bids revealed how eager they were to enter the airport sector. For the Ahmedabad airport, Adani outbid the GMR group by quoting Rs 177 per passenger against the GMR’s Rs 85. For the Lucknow airport, Adani bid Rs 171 per passenger, beating AMP Capital’s quote of Rs 139.

The Adani Group will pay over Rs 3 lakh crore to the Airport Authority of India (AAI) for operating the six airports under the public-private partnership (PPP) model. The 50-year contract will make the Adani Group the third-largest private airport operator in terms of passengers handled, after the GMR group and GVK group.

Five out of six airports won by Adani have recorded strong passenger growth since Modi came to power

The Adani Group has won the bid to operate five or six airports in India, depending on the source. The airports are Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Guwahati and Mangaluru. Five out of the six airports won by Adani have recorded strong passenger growth since Modi came to power. The Adani Group will pay over Rs 3 lakh crore to the Airport Authority of India (AAI) for operating the airports under the public-private partnership (PPP) model. The company emerged as the highest bidder for all the airports, with bids ranging from Rs 115 to Rs 177 per passenger. The bid was decided on the basis of the highest per-passenger fees quoted by the bidder. The Adani Group's winning bid could be a potential goldmine not just for the group, but also for the AAI, which will be signing a different revenue-sharing agreement for these airports than it has for its other joint ventures.

The Adani Group will become the third largest private operator in passenger volume

The Adani Group has won the mandate to run six government-owned airports in India. The airports are located in Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Guwahati and Mangaluru. The Adani Group will pay over Rs 3 lakh crore to the Airport Authority of India (AAI) for operating these airports under the public-private partnership (PPP) model. The Adani Group offered between Rs 115 to Rs 177 per passenger, outbidding competitors such as the GMR group and AMP Capital.

Five out of the six airports won by Adani have recorded strong passenger growth since Modi came to power and are expected to be profitable in the next few years. The Adani Group's aggressive bids for these airports demonstrate their eagerness to enter the sector. For example, for the Ahmedabad airport, Adani quoted Rs 177 per passenger, significantly higher than the GMR group's bid of Rs 85.

The wide range of bids received for these airports, from Rs 18 to Rs 177 per passenger, highlights the challenges in bidding for long-term concessions. Variables such as traffic, non-aeronautical revenues, real estate monetisation and capex must be estimated for a 50-year concession term. Despite these challenges, the Adani Group's success in winning the mandate to operate six airports will make them the third largest private operator in passenger volume.

The Adani Group has won a 50-year contract for operation, management and development of the six airports

The Adani Group has won a 50-year contract for the operation, management and development of six airports across India. The airports are located in Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Guwahati and Mangaluru. The Adani Group emerged as the highest bidder for all six airports, quoting a revenue share in the range of Rs 115 to Rs 177 per passenger.

The contract was awarded by the Airport Authority of India (AAI) under a public-private partnership (PPP) model. The Adani Group will pay over Rs 3 lakh crore to the AAI for the 50-year concession.

The Adani Group's aggressive bids revealed their eagerness to enter the airport sector. For example, for the Ahmedabad airport, Adani outbid the GMR group by quoting Rs 177 per passenger against the GMR's Rs 85.

With these six airports, the Adani Group will become the third-largest private airport operator in terms of passenger volume, after the GMR and GVK groups. Five out of the six airports won by Adani have recorded strong passenger growth since Modi came to power and are expected to be profitable in the next few years.

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