Gautam Adani Reviews Navi Mumbai Airport Ahead of June Inauguration

17 Mar 2025 CW Team

Adani Group Chairman Gautam Adani visited the Navi Mumbai International Airport site on Sunday, highlighting its progress as it nears operational readiness. Sharing visuals from his visit on social media, Adani called the airport a world-class project set to redefine connectivity and growth when inaugurated in June 2025.

The airport, developed in multiple phases, recently marked a major milestone with its first commercial flight validation test in December 2024. In its initial phase, it will have a passenger capacity of 20 million per annum (MPPA) and handle 800,000 tons of cargo annually. The facility includes a 3,700-meter runway capable of handling large commercial aircraft, with two parallel runways allowing simultaneous take-offs and landings. Once fully completed, the airport is expected to handle over 90 MPPA.

Adani Airport Holdings Ltd, a subsidiary of Adani Enterprises, has been leading the project. The group entered the airport sector in 2019 and currently operates key airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. According to the company, Adani Airports now manages 25% of India鈥檚 passenger traffic and 33% of its air cargo movement.

(NDTV)

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..