Categories: Business

Adani Group takes over Mumbai airport management

Adani Group led by Gautam Adani has completed the takeover of ‘Mumbai International Airport’ from the GVK group. With this takeover, Adani group has become the top company in terms of airport infrastructure companies in India. Mumbai International Airport will be operated by Adani Airport Holdings which is a wholly-owned subsidiary of Adani Enterprises. With the takeover, Adani group’s airports now account for a fourth of total footfalls at airports across India, and a third of total air cargo handled.

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Airports operated by Adani Group

Thus, the company now operate six airports. Three airports in Ahmedabad, Lucknow and Mangaluru are being operated by the Adani group already while the takeover of three airports in Guwahati, Thiruvananthapuram and Jaipur is to be complete.
Adani Group will also set up an airport in Navi Mumbai for which the company will achieve financial closure in the next 90 days.
Group has planned to operationalise Navi Mumbai airport by 2024. Bids for operating these airports were won by Adani Group for a period of 50 years after participating in the tendering process of the Airports Authority of India.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.