Adani Group signs agreement with Airport Authority for three airports including Lucknow

Feb 15 2020 10:08 AM
Adani Group signs agreement with Airport Authority for three airports including Lucknow

The Adani Group has tied up with the Airports Authority of India (AAI) for the management, operation, and development of the Ahmedabad, Mangaluru and Lucknow airports. The company is being informed about it on Friday. Gautam Adani, Chairman of Adani Group said in a tweet, 'Today we have signed agreements with AAI for Mangaluru, Lucknow and Ahmedabad airports and this fulfills the demand for the infrastructure of the country's airport. Another historic journey to do is beginning.'

New Income Tax Slab: Rebate on these income in income tax slab

The government had decided to privatize Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati airports in 2018. This was for the operation, management, and development of these aerodromes through a public-private partnership model. Adani Enterprises acquired the rights to run these six airports after a competitive bidding process.

Since January, wholesale inflation has increased by 3.1%

AAI said in a tweet that the rebate fee can be used for the maintenance and development of brownfield airports along with RCS-UDAN and other greenfield airports. RCS is the Regional Connectivity Scheme (RCS), which is also known as the Common Citizen of Udaan (UDAN).

Gold and Silver Prices rise, know new rates

Popular Stories