Adani signs agreement with AAI to develop, operate six airports
The Adani Group on Friday said it had inked agreements with the Airports Authority of India (AAI) for the management, operations and development of airports in Ahmedabad, Mangaluru and Lucknow.
The concession period is 50 years from the commercial operation date, Adani Enterprises had said in a filing to the stock exchanges.
A spokesperson said in a statement the agreements had been signed by the company’s wholly-owned subsidiaries, Adani Ahmedabad International Airport Ltd, Adani Lucknow International Airport Ltd and Adani Mangaluru International Airport Ltd.
“Today, as we sign the concession agreements for Mangaluru, Lucknow & A’bad with the AAI, its the beginning of another historic journey catering to India’s exponential airport infra demands,” tweeted Adani Group Chairman Gautam Adani.
