|
|
Reliance Airport Developers Ltd, a part of the reliance ADA group, has been entitled with contracts worth Rs.63 crore for the development of airports at Yavatmal, Nanded, Osmanabad, Latur and Baramati in Maharashtra. This information was announced by the company on Friday in Mumbai.
The Maharashtra Industrial Development Corporation (MIDC) has been given the permission to enter the deal RADL. This is a step taken by the State government in as a prologue for the privatisation of five of the airports in Maharashtra.
Of all the tenders submitted for the bid, the highest had come from Reliance Airport Developers Ltd, which is Rs.270 million for Yavatmal, Nanded and Latur airports and a Rs.320 million for the Baramati and Osmanabad airports. The bids had been called for the development and maintenance of the all the private airports.
About 600 hectares of land will be provided by the MIDC to the RADL for the development and maintenance of these private airports, which will be available for a period of 95 years.
For the Reliance Anil Dhirubhai Ambani Group, this is yet another achievement that came in its way this week.
The Reliance Infrastructure had been conferred with the prestigious Rs.11,000 crore Mumbai Metro Phase-II by the Mumbai Metropolitan Region Development Authority (MMRDA), which happened earlier this week.
