Reliance was the highest bidder at Rs 63 cr for the 5 airports project.
The Reliance Anil Dhirubhai Ambani Group plans to develop Baramati, about 100 km from Pune, as a hub for private jets, with airports in Mumbai and Pune facing acute shortage of parking bays. Baramati is also the home town of Union agriculture minister and Nationalist Congress Party chief Sharad Pawar.
After losing out to Bangalore-based GMR group for the controversial Delhi airport modernisation contract, Anil Dhirubhai Ambani group is now set to battle it in Prague, the capital of the Czech Republic, for which bids are shortly to be invited. Late last week, ADAG company Reliance Airport Developers Private Limited submitted an expression of interest to the Prague airport authorities. the ADAG company is willing to take a 100 per cent stake in the airport.
The Supreme Court on Thursday reserved its judgement on an appeal by Anil Ambani firm Reliance Airport Developers challenging the Delhi high court verdict, which upheld the government's decision to allot modernisation of Delhi and Mumbai airports.
Dismissing the Reliance petition, a bench, comprising Justice Tirath Singh Thakur and Justice B N Chaturvedi, held that the government's action was in no way 'discriminatory, illogical or illegal.'\n\n
Losing Delhi airport project to rival GMR-Fraport consortium despite emerging as the top financial bidder, Anil Ambani's Reliance Airport Developers on Monday lashed out at the bid process, saying changes in tender conditions hours before the final d
Supreme Court on Tuesday dismissed the appeal of Reliance Airport Developers challenging the government's decision to allot modernisation works of Delhi and Mumbai Airports to GMR and GVK led consortia.
The Delhi high court has deferred till Monday, February 6, the hearing on the petition filed by Reliance challenging the award of Delhi and Mumbai airport modernisation contracts to rival companies.
In its petition, Reliance Airport Developers, a company of the ADAE Group, challenged the manner in which the consortium led by it was downgraded as a result of which GMR-Fraport consortium was awarded the contract.
The Bench while declining to stay the reported agreement recalled its own order that any action taken in this regard would be subject to the court's final decision on the tender controversy.\n\n
Pointing out at the 'cooperation' and 'trust' shared between both India and France, Ambassador of France to India Alexandre Ziegler asked people to look at the facts.
'Rafale is an open and shut case and there is only one man who has done corruption'
The UPA Government is trying to push through the second wave of airport privatisation before the elections and the controversial elements of this process threaten to harm the sector.
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