The Adani group has won bids to upgrade and operate 5 out of 6 airports that the Airports Authority of India (AAI) had put out for bids.
Sources said the Adani Group, which had bid for all six airports, has won to upgrade and operate five of them of for a period of 50 years.
The airports that the group has won are Lucknow, Jaipur, Ahmedabad, Mangalore & Trivandrum.
These airport projects will mark the entry of the Adani Group in aviation. The group is trying to enter airport business and has been in talks with GVKNSE 8.84 % fir a possible takeover of its stake in Mumbai airport.
AAI chose the winner on the basis of "monthly per-passenger fee".
The official said the bids put by Adani group were "very aggressive" as compared to other bidders.
The five airports would be handed over to Adani group after completion of formalities, the AAI official said.
A total of 32 technical bids were received from 10 companies to operate six airports that are currently under AAI's management.
In November last year, the government had cleared a proposal for managing six AAI-run airports on public-private partnership (PPP) basis ..
Ahmedabad and Jaipur airports received seven bids each. Lucknow and Guwahati received six bids each. Mangaluru and Thiruvananthapuram received three bids each.
The move to manage the six airports on PPP basis, according to AAI, is part of an initiative to provide world-class infrastructure and services to stakeholders.-ET