Adani Group wins bids for 5 of 6 airports for 50 years

Feb 25, 2019
NEW DELHI: The Adani Group was the highest bidder for five of six airports which were on offer for privatisation. The financial bids were opened on Monday for the five airports while the bid for the Guwahati airport will be opened on Tuesday.

The five airports are Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru and Jaipur. The bids were on the basis of a "per-passenger fee" plan.

The five airports would be handed over to the Adani group after completion of formalities, the AAI official said.

Officials said the Adani group was "very aggressive" as compared to others in the bidding.

The AAI said in a press statement that as per passenger fee the Adani group bid for Rs 177, Rs 174, Rs 171, Rs 168 and Rs 115 for airports at Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram and Mangaluru, respectively. The per passenger fee would be paid by the Adani group to the AAI.

The GMR Airports Limited which operates the Delhi and the Hyderabad airports, put in a bid of Rs 85, Rs 69, Rs 63, Rs 63 and Rs 18 for the five airports, as per AAI statement.

For the Ahmedabad and the Jaipur airports, the second highest bid was put jointly by the 'National Investment and Infrastructure Fund (NIIF) and Zurich Airport International Ag" at Rs 146 and Rs 155, respectively, according to the AAI statement.

For the Lucknow airport, "AMP Capital (GIF II Lux Holdco) 5 LP" was the second highest bidder at Rs 139. For the Thiruvananthapuram airport, the Kerala State Industrial Development Corporation (KSIDC) was the second highest bidder as it quoted Rs 135.

For Mangaluru airport, the Cochin International Airport Limited was the second highest bidder at Rs 45, according to the AAI statement.

The other companies that had put in the bid for the six airports were Autostrade Indian Infrastructure Pvt Ltd, PNC Infratech Ltd and I-investment Ltd.

A total of 32 technical bids were received from 10 companies.

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