Adani Enterprises up 2% as Cabinet clears leasing of 3 AAI airports to Co
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.
