Shares of Adani Enterprises gained 2.53 per cent to Rs 245.10 on the BSE on Thursday after the Union government announced the leasing of three Airports Authority of India (AAI)-run airports to the company.
Yesterday, Union Environment Minister Prakash Javadekar announced that the government has given its go-ahead to lease out Guwahati, Thiruvananthapuram, and Jaipur airports through public-private partnership (PPP). The airports will be leased for development, operation and maintenance on a PPP model for 50 years, he said.
The three airports are part of the six airports won by the Adani group under a competitive bidding process. The group had, in February, signed a concession agreement with AAI to manage airports in Ahmedabad, Lucknow and Mangalore but approval regarding the other three had been deferred.
