The Adani Group might be a late entrant in the airports space but its plans are by no means modest; the bulk of the group’s Rs. 26,000 crore of capex, over the next five years, will be spent on the airports business. Earlier this year, the group entered the airport operations and maintenance space, by winning bids on privatisation of six airports operated by the Airports Authority of India (AAI). The group won the bids outbidding older players in the airport business like the GMR Group, which operates the country’s busiest airport in New Delhi.
