Adani group forays into airport sector; wins bid to operate 5 airports

Out of 6 airports, Adani is the highest bidder for Ahmedabad, Jaipur, Mangalore, Trivandrum & Lucknow Airport

Gautam Adani-led Adani Enterprises is the highest bidder for airports in Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Lucknow, according to industry sources aware of the development. The government invited bids for these from private players, to manage them for 50 years.

The aggressive bids made by Adani revealed how eager they were to enter the sector.

For instance, 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 bids were based on the