How Mumbai's twin airports will play out under a common operator
AHMEDABAD: Come winter and the massive urban conglomerates with India's political and financial capitals at their core — Delhi National Capital Region (NCR) and Mumbai Metropolitan Region (MMR) — will get their second dedicated commercial airports.
In Delhi-NCR's case, the two will be operated by different entities — GMR Group and Zurich Airports.
Mumbai MMR, on the other hand, will have both the airports run by one operator —
Adani Group
— which says is developing a unique twin airport system by making it possible for airlines to seamlessly operate from either place in terms of airport costs.
The Adani group has asked Airports Economic Regulatory Authority (AERA) to consider Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) and Navi Mumbai International Airport (NMIA) as a single airport with common charges.
'CSMIA is an older airport with a depreciated asset base. NMIA is new greenfield airport. The cost structures are high for one and way low for the other. We are working with govt on how to combine these cost structures so that, as a system, flying becomes more affordable,' Adani Group director (airports) Jeet Adani told TOI Friday.
You Can Also Check:
Ahmedabad AQI
|
Weather in Ahmedabad
|
Bank Holidays in Ahmedabad
|
Public Holidays in Ahmedabad
For example, say the airport charges and user development fees of CSMIA are X keeping in mind the Rs 5,000 capex for new T1.
And the same for NMIA are 6X given the Rs 19,000 crore phase I & II combined getting ready. 'If the two are combined, it will cost 3X at both places. When both the airports are serving the same catchment, same economy, same city then why should there be two differential pricing instead of a lower pricing for all? We have made a recommendation to AERA for this.
The AERA Act passed by Parliament allows grouping of airports. So under that act, we have requested that CSMIA and NMIA be treated as a single airport,' Adani said.
The group is treating the two airports as 'independent but cohesive.' So how will the two airports operate post 2030 when CSMIA gets a new T1 and NMIA gets T2? 'What I ultimately see happening is an alliance split. One airport will be the base for One World and other for Star Alliance.' A bit like New York's JFK & Newark.
NMIA, which is still in design stage and will cost Rs 1 lakh crore in its overall implementation to achieve the peak 9 CPA capacity, is being conceived very differently from CSMIA, which had come up at a time of origin-destination travels with very low transfer connections.
'NMIA is to be a global hub for air travel and not just an origin-destination airport. We are in talks with airlines (IndiGo and Air India) to make it their home base for their global footprint.
We have shown them our plans and have asked to be included in their plans. We want to know what they want in terms of connection & baggage transfer time, MRO. India has a solid chance of making its on global hubs,' Adani said.
The group is open to giving any one of the three terminals at NMIA as a dedicated terminal to an Indian carrier (IndiGo or Air India) and their partners.
'We are not here just as an airport operator but want to drive the entire ecosystem forward. It is not a fight between airline and airport operators. Collectively, our aviation ecosystem has to get the traffic currently transiting between India and rest of te world through nearby hubs in the Gulf, Southeast Asia and even Europe (for North America market).
Those places have a deep integration between airports and airlines, which as of now is not there in India,' he said.
'Fortunately as a group we have fantastic relationship with IndiGo and the Tatas. We have spoken to both and have asked them to include us to their planning and be a part of our planning. Once the NMIA T2 is ready, I can give it to an (Indian) airline and its partner. That is why we are demolishing CSMIA T1 in phases so as not to take the capacity out in one go,' he added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
42 minutes ago
- Time of India
PM Modi to gift Rs 2,258 crore projects to Kashi on Aug 2
1 2 Varanasi: Prime Minister Narendra Modi will inaugurate projects worth over Rs 600 crore in Varanasi during his proposed visit to his parliamentary constituency on Aug 2. He will also lay the foundation for many projects worth over Rs 1,650 crore. The projects to be inaugurated include the Sowa Rigpa Medical College located in the Central Institute of Higher Tibetan Studies campus in Sarnath and the Varanasi-Bhadohi 4-lane road. Modi's public meeting venue, from where he would inaugurate the projects, has been selected at Kalikadham in Sevapuri assembly constituency. Busy finalising the list of the projects for inauguration and for the launch, divisional commissioner S Rajalingam, informed TOI on Tuesday, "The list of the ready projects is long. Major big-budget projects include the Varanasi-Bhadohi four-lane road of over Rs 270 crore, the Sowa Rigpa Medical College of about Rs 93 crore, a blue astroturf hockey field at BR Ambedkar Stadium in Lalpur area, and the Khadi and Village Industries Commission's office building at Teliabagh. So far, the list comprises projects of almost Rs 600 crore."Among the projects for which PM Modi will lay the foundation, he said the major one is the project for restructuring and reforming the power infrastructure of the city with a budget of approximately Rs 800 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo This will include revamping hanging wires, bamboo poles, and many more works. Apart from others, a project for establishing a museum at Munshi Premchand's house and road construction works are also being included. The total cost of projects in both the is approximately Rs 2,258 crore, he said. The district administration has also increased monitoring of the preparations being made for the PM Modi's public meeting at Kalikadham in Sevapuri area. On Monday evening, district magistrate Satyendra took stock of the progress in the work, including levelling of fields, stage construction, parking, and the helipad area. He asked that all link roads leading to the public meeting venue must be repaired. The officials started work after seeking no-objection from the owners of fields selected for the public meeting venue. Bharatiya Janata Party functionaries, who took stock of the area on Sunday evening, started holding meetings to assign the responsibilities for different works, including mobilising people for their participation and other arrangements, said BJP Kashi regional unit president Dilip Patel.
News18
an hour ago
- News18
So Near Yet 'Sofa': DRI Cracks Down On Rs 30 Crore Luxury Furniture Import Scam
Last Updated: The investigation revealed a meticulously planned operation to evade customs duties by undervaluing premium furniture sourced from top European brands In a significant recent crackdown on customs fraud, the Directorate of Revenue Intelligence (DRI) has uncovered a massive scheme involving the import of luxury furniture using fake invoices and dummy companies. Acting on specific intelligence, DRI Mumbai officers raided several locations linked to a well-known luxury furniture brand operating across India. The investigation revealed a meticulously planned operation to evade customs duties by undervaluing premium furniture sourced from top European brands. Instead of declaring the real price, the accused routed payments through shell companies based in Dubai and Singapore. Goods were shipped directly from Europe to India but were declared as unbranded furniture at a fraction of their actual value. This clever paper trail using dummy importers and fake invoices allowed the masterminds to dodge customs duty worth Rs 30 crore. Searches were conducted at offices, warehouses, freight forwarders, and customs brokers connected to the racket. DRI officials stated that the scam involved multiple layers: shell companies abroad, local intermediaries, dummy Importer Exporter Code (IEC) holders, and fabricated paperwork. Once the furniture cleared customs, it was transferred on paper to the luxury brand's name through a proxy intermediary, but in reality, it went directly to the brand's warehouse or high-end clients. In a swift move, DRI arrested the beneficial owner of the brand, the dummy importer, and the local intermediary on July 21 and 22 under the Customs Act, 1962. Officials noted that this is not an isolated case. Just two months ago, in May, DRI uncovered a similar scam worth over Rs 20 crore, again involving luxury furniture brands using front companies to misdeclare imported goods. Such frauds significantly impact government revenue and harm honest businesses that pay their dues. A senior DRI official said, 'These operations create an unfair market for genuine importers and domestic manufacturers. We are determined to expose these networks and plug the leaks." The DRI is now investigating other shell companies, dummy IEC holders, and financial channels linked to the scam. More arrests and wider revelations are expected as the probe continues. view comments First Published: July 23, 2025, 03:24 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
3 hours ago
- Economic Times
Dalmia Bharat's profit surges nearly 3 times on improved pricing
Dalmia Bharat's consolidated net profit surged nearly three times on year in the June quarter to Rs 345 crore, helped by an improvement in net sales realisations, which offset the impact of lower sales volumes. ADVERTISEMENT The cement producer's sales volume fell nearly 6% on year to 7 million tonnes in the June quarter, which limited a growth in its consolidated revenue to 0.4% on year to Rs 3,636 crore. The topline grew despite a fall in sales volume as realisations improved by 6.6% on year to Rs 5,193 per tonne during the quarter. This also boosted the company's earnings before interest, tax, depreciation and amortization to an all-time high of Rs 883 crore, while the EBITDA made on each tonne of cement surged 40% on year to Rs 1,261. The profitability was also boosted by lower costs of logistics and power and fuel costs, as compared to the previous year. 'Beginning of this year marks a recovery in cement realizations in our key markets, which has helped us deliver robust EBITDA growth, resulting in an EBITDA margin of 24.3%, which is an increase of 5.8% percentage points compared to last year,' Puneet Dalmia, managing director of the company was quoted in a release. The company currently has a capacity of 49.5 million tonne and is targeting a capacity of 75 million tonne by FY28. Earlier this year, the company announced fresh capital investments of Rs 6,800 crore for adding 12 million tonne of capacity across its South and West regions. ADVERTISEMENT 'Backed by a robust balance sheet, a disciplined capital allocation framework and healthy profitability outlook, we are steadily progressing towards our vision of becoming a PAN-India player,' chief financial officer Dharmender Tuteja company announced its earnings after market hours, and its shares closed at Rs 2,319.15 rupees on the BSE, up 2.5% from the previous close. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
