Adani qualified in Airport bidding process; not you: Aviation Minister to Kerala govt

Agencies
August 20, 2020

New Delhi, Aug 20: The Kerala government did not qualify in Thiruvananthapuram airport's bidding process that was carried out in a transparent manner, Civil Aviation Minister Hardeep Singh Puri said on Thursday.

The Kerala government has opposed the Union Cabinet's approval on Wednesday to lease out the Thiruvananthapuram airport to Adani Enterprises through public private partnership (PPP) for a period of 50 years.

Talking about the airport's 2019 privatisation process on Twitter, Puri said, "Winning bid quoted Rs 168 per passenger, KSIDC (Kerala State Industrial Development Corporation) quoted Rs 135 per passenger and third qualifying bidder was at Rs 63 per passenger."

Per passenger fee was the criteria for the bidding process that was conducted in early 2019 for six airports - Lucknow, Ahmedabad, Mangalore, Jaipur, Guwahati and Thiruvananthapuram. Adani Enterprises turned out to be the highest bidder for these six airports.

Before the bidding process, the Centre and the Kerala government had agreed that if the KSIDC's bid comes within the 10 per cent range of the winning bid, it would be awarded the airport, Puri said.

However, since the difference between Adani's bid and KSIDC's bid was 19.64 per cent during the bidding process, the former was qualified as the winner.

"Thus, despite special provision of RoFR (right of first refusal) being given to GoK (government of Kerala), they could not qualify in the international bidding process carried out in a transparent manner," Puri stated.

The Kerala government on Thursday called an all-party-meeting to discuss and protest against the Centre''s decision to hand over of the management and operation of the Thiruvananthapuram airport to the Adani group.

"Thiruvananthapuram airport privatised to Adani rejecting the claim of Kerala govt, even after offer to match Adani's rate. PMO's promise to accept Kerala proposal broken. People of Kerala will not accept this act of brazen cronyism. #Airportprivatisation," State Finance Minister Dr Thomas Isaac tweeted on Thursday.

In February 2019, Adani Enterprises was declared the winner for all six airports as it was the highest bidder. In July 2019, the Union Cabinet approved the proposal for leasing out three of them - Ahmedabad, Mangalore and Lucknow - to the Ahmedabad-based company.

Eight months after the Cabinet approval, Adani Enterprises signed the concessionaire agreement with the Airports Authority of India (AAI) on February 14 this year for operation, management and development of these three airports.

In June this year, the AAI gave three more months to the Ahmedabad-based company to take over the management of these three airports due to the COVID-19 situation. This means the deadline for takeover has been pushed from August 12 to November 12.

Comments

Shanu
 - 
Thursday, 20 Aug 2020

Gujrat is worlds hafta collection point since MODI came to power. every contract every tender order all going to GUJRAT....we also need same gujrat model here in karnataka....
When we have top most technology and experts here in bangalur and mangolore why everything going to GUJJUs..
Guys right time to stay awake....

shanu
 - 
Thursday, 20 Aug 2020

Gujrat is worlds hafta collection point since MODI came to power. every contract every tender order all going to GUJRAT....we also need same gujrat model here in karnataka....
When we have top most technology and experts here in bangalur and mangolore why everything going to GUJJUs..
Guys right time to stay awake....

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News Network
November 29,2024

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Bengaluru: An FIR has been registered against Vishwa Vokkaliga Mahasamastana Mutt seer Kumara Chandrashekaranatha Swamiji for his communally provocative and anti-constitution remarks.

He made the statement during a protest meeting organised by the Bharatiya Kisan Sangh here on Tuesday against notices issued by Karnataka's Waqf board.

Urging everyone to unite to protect farmers and their land, Swami said that a law should be brought in where Muslims community don't have the voting power.

Stating that it should be ensured there is no Waqf board, he said someone taking away someone else's land is not "Dharma".

"...everyone should fight against injustice being caused to farmers...it is said that the Waqf board can claim anyone's land. It is a big injustice...someone taking away someone else's land is not Dharma... So, everyone should fight to ensure that farmers' land remains with them," the seer had said.

However, on Wednesday, Swami expressed regret over his statement, calling it a "slip of tongue".

He said Muslims are also citizens of this country, and they too have voting rights like others.

Based on the complaint by a social worker, the FIR was registered against him on Wednesday at Upparpet police station here, police said.

"We have registered a case against him (Swami) under section 299 (Deliberate and malicious acts, intended to outrage religious feelings of any class by insulting its religion or religious beliefs) of the Bharatiya Nyaya Sanhita," a senior police officer said.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 27,2024

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Gaza health authorities say Israel’s military has "erased” over 1,400 Palestinian families in the besieged territory over the past year.

The Health Ministry said in a statement on Tuesday that the Israeli regime "completely erased about 1,410 families, numbering 5,444 people, from the civil registry during the same period.”

It said that there were 3,463 families with only one survivor, while 2,287 families had more than one survivor.

In northern Gaza, Israel’s warplanes have continued dropping bombs over Palestinian families, Palestinian news agency Wafa reported.

It said one airstrike hit a family home in Jabalia, causing numerous casualties on Tuesday.

According to Gaza's civil defense agency, at least seven people were killed and several others wounded in the attack.

Another person was killed in a strike on a house in nearby Beit Lahia, a town in northern Gaza, which has been declared “a disaster area" by the municipality due to "the Israeli war of extermination and siege, and it has no food, water, hospitals, doctors, services, or communications."

The health ministry said, “Israeli forces killed 14 people and injured 108 others in three massacres of families in the last 24 hours.”

“Many people are still trapped under the rubble and on the roads as rescuers are unable to reach them.”

International organizations and leaders believe that Israel’s genocidal war, now in its second year, is a deliberate attempt to destroy the population of Gaza.

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