The Airports Authority of India (AAI) has just got a Rs 2440 crore payment from the Adani Group. According to an ET report, the payment done by Adani is for the six airports it won the bid for.
"The payment has been made against capital work in progress and investments in regulated assets," AAI chairman Sanjeev Kumar said.
AAI has also used some of this money for repayment of working capital loans. The state-owned airports body had to borrow to pay the salaries previously. Thus, with this one time payment from the Adani Group, AAI has repaid some of its loans.
Adani Group won airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram through a competitive bid announced in 2019.