Construction Infrastructure
Air India to sell real estate assets worth up to ₹300 crore
State-run airline Air India, which is on the path of disinvestment, is looking to raise Rs 200-300 crore by selling its commercial and residential assets in different parts of the country.
Air India on Friday invited bids for properties, including its flats and plots.
According to a public notice, Air India has invited e-auction bids through MSTC to sell its properties across the country.
A residential plot and a flat in Mumbai, five flats in New Delhi, a residential plot in Bengaluru and four flats in Kolkata are among the properties that have been put up for sale.
According to the information, the sale includes a booking office and staff quarters in Aurangabad, a residential plot with airline house in Bhuj, six flats in Nashik, booking offices in Nagpur and a residential plot in Thiruvananthapuram and two flats in Mangaluru.
“We expect Air India Assets Holding Limited (AIAHL) to get around Rs 200-300 crore from the auction of these properties. Bids will open on July 8 and close on July 9.”
It may be noted that the government is in the process of finalizing the roadmap for disinvestment of loss-making Air India. AIAHL, a special purpose mechanism has been set up to hold the non-core assets of Air India Group.
News Source: HindustanTimes
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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