Categories: Business

Tata Projects wins bid to build UP’s Jewar Airport

Tata Projects will build the national capital region’s new airport at Jewar, after outbidding the Shapoorji Pallonji Group and Larsen & Toubro for the contract. While the deal size has not been disclosed, sources pegged it at over Rs 6,000 crore. Tata Projects, the infrastructure and construction arm of the Tata group, will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at the Noida International Airport.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About the contract:

  • The new airport is expected to be functional by 2024.
  • With the closure of the EPC contract, the first phase of the airport is on track to be delivered within three years of the commencement of the concession period.
  • According to the contract terms for the Jewar airport, a fine of Rs 10 lakh per day will be levied on the developer of the upcoming Noida International Airport in case of a project delay.

Important takeaways for all competitive exams: 

  • Tata Headquarters: Mumbai;
  • Tata Founder: J. R. D. Tata;
  • Tata Founded: 1945, Mumbai.

Find More Business News Here

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.

Recent Posts

Exploring Bondi Beach: Sun, Surf and Sydney Culture

Bondi Beach is one of Australia’s most recognisable and loved coastal destinations. Located just minutes…

2 hours ago

WWE Icon John Cena Retires After 20-Year Career

As one of the all-time great WWE superstars, John Cena officially retired from in-ring competition…

3 hours ago

ISRO Projects Seven Launches Including Uncrewed Gaganyaan Mission by March 2026

The Indian Space Research Organisation (ISRO) has revealed plans for no less than seven space…

3 hours ago

Chakrashila Wildlife Sanctuary: Location, Species, and Latest Developments

The Chakrashila Wildlife Sanctuary in Assam has recently come into focus due to successful community-led…

3 hours ago

MRF Tyres Bags 2025 FIA European Rally Championship Title

India’s presence in global motorsport technology received a major boost as MRF Tyres clinched the…

3 hours ago

NTPC, NETRA and CSIR Scientist Receive Awards for Technological Innovations

India's push towards meeting its increasing energy demands while ensuring long-term sustainability received a boost…

3 hours ago