Adani Group plans to expand the aviation portfolio by acquiring more airports

Adani Group has plans to acquire more airports in India as a part of its robust expansion plan in the aviation sector. Indian Government has identified about 25 airports for privatisation, and intends to float tenders for 11 in the first phase of bidding. “We need to see the conditions of the request for quotation (RFQ), we need to see how the tariff will be applied and we will need to see how the capex will be applied. And only if it makes financial sense, will we put in a bid,” commented Arun Bansal, CEO of Adani Airport Holdings. In