 "Adani Ports will not bid for any new projectTo complete Vizhinjam project on time")
Adani Enterprises Ltd (AEL) on Friday signed a 50 years concession agreements with Airports Authority of India (AAI) for developing and operating three airports including Ahmedabad, Lucknow and Mangaluru, the company said in its filing with stock exchanges.
The agreements has been signed between AAI and AEL's wholly owned subsidiaries Adani Ahmedabad International Airport Ltd, Adani Lucknow International Airport Ltd and Adani Mangaluru International Airport Ltd.
Earlier in February 2019, AEL had made the highest bids for airports at Ahmedabad, Jaipur, Lucknow, Mangaluru, Thiruvananthapuram and Guwahati of which the Union Cabinet had approved the AAI run Ahmedabad, Lucknow and Mangaluru
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