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Rediff.com  » Business » Airports: RIL, Bharti, Videocon in fray

Airports: RIL, Bharti, Videocon in fray

Source: PTI
Last updated on: July 20, 2004 19:10 IST
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Leading Indian corporates Reliance, Bharti and Videocon along with seven other consortiums entered the race for the modernisation of Delhi and Mumbai airports, bids for which closed on Tuesday.

As many as ten bids were received by the Airport Authority of India for modernisation and restructuring of the two airports by the 1700 hours-deadline today, sources said.

Telecom giant Bharti Enterprises Limited and Singapore's Changi Airport Managers and Partners had submitted bids yesterday after forming a joint venture for the purpose.

Videocon chief V N Dhoot told PTI from Mumbai on phone that his company had collaborated with an Australian firm MYPH Corporation, which is managing the Sydney airport, to bid jointly for modernisation of the two metro airports.

Asked about the details of the consortium, he said: "We will work out the details at an appropriate time."

Besides Bharati, Videocon and Reliance Airport Developers, the other bidders are Larsen & Toubro and Piramal consortium, Australian investment bank Macquaire Bank, Fraport and GMR (which is developing Bangalore Airport) consortium, GVK (developing Hyderabad airport) and Airports Company of South Africa consortium, DS Construction Ltd, DLF and a consortium comprising Essel and TAV Gulf.

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