Investment & Precision Castings wins order from PLR Systems
PLR Systems is a joint venture between the Adani Group and Israel Weapon Industries (IWI), specializing in manufacturing small arms and associated defense equipment. This entity is known for producing renowned weapons such as the TAVOR Assault Rifle, X95 Assault Rifle, GALIL Sniper Rifle, NEGEV Light Machine Gun, and UZI Sub Machine Gun, which are extensively used by the Indian Armed Forces and Central Armed Police Forces.
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Time of India
a day ago
- Time of India
Mumbai, Delhi enter dual-airport era with distinct operating models
Ahmedabad: This winter, India's two largest urban conglomerates — Delhi National Capital Region (NCR) and Mumbai Metropolitan Region (MMR) — will each gain a second dedicated commercial airport. In Delhi-NCR, the two airports will be operated by separate entities: GMR Group and Zurich Airport. In contrast, both airports in MMR will be managed by a single operator, the Adani Group , which aims to create a twin-airport system "to enable airlines to operate seamlessly across both airports, particularly in terms of cost efficiency". The group is treating Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) and the Navi Mumbai International Airport (NMIA) 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 the other for Star Alliance (two of the three major global airline alliances)," Adani Group director (airports) Jeet Adani said. A bit like New York's JFK and Newark. NMIA is being conceived differently from CSMIA, which had come up at a time of origin-destination travels with low transfer connections. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo "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," Adani said. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai T2 is expected to be ready at NMIA by 2029-30, and a new structure would have been made in place of at least T1A at CSMIA. "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," Adani said. The group has asked the Airports Economic Regulatory Authority (AERA) to consider CSMIA and NMIA as a single airport with common charges instead of having lower for the former and higher for the latter. For example, say the airport charges and user development fees of CSMIA are 'X', keeping in mind the Rs 5,000-crore capex for a new T1. The same for NMIA is '6X' given its Rs 19,000-crore capex for phases I & II. If the two are combined, it will cost 3X at both places, say group officials. "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.
Time of India
2 days ago
- Time of India
How Mumbai's twin airports will play out under a common operator
Delhi-NCR and Mumbai MMR are set to acquire their second commercial airports this winter. The Adani Group proposes treating Mumbai's existing and upcoming airports as a single entity with unified charges, aiming to make flying more affordable. 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.
Time of India
2 days ago
- Time of India
60 flights a day from Navi Mumbai airport from October: Will scale to 300 in six months, says Adani Airports director Jeet Adani; to offer real-time updates via app
Image Credit: Adani Group AHMEDABAD: Navi Mumbai International Airport (NMIA) is likely to be inaugurated around Sep 30, and within a fortnight operations will start with 60 daily flights, reaching up to 300 in six months, Adani Group director (airports) Jeet Adani told TOI exclusively on Friday. He said the demolition of T1 at Mumbai (CSMIA) will be completed in 2029-30 once NMIA gets its second terminal, reports Saurabh Sinha. The new T1 at CSMIA will be ready by 2032. Work has started on NMIA T2 and construction will begin in 6-12 months of the new airport getting operational. He said the Adani Group has asked the Airports Economic Regulatory Authority to consider CSMIA and NMIA as one airport with common charges. When general aviation flights are shifted to Navi Mumbai next year, charters and business jets will continue to fly into CSMIA but will not be allowed to park. The much-awaited Navi Mumbai International Airport (NMIA) will see both domestic and international flights this Oct, a week to 15 days after inauguration on or around Sep 30. Starting with 60 daily flights (30 arrivals and as many departures) in the first month, the number will double after 30 days and then reach the 240-300 mark in six months. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo In its first phase, with a capacity of 2 crore passengers annually (CPA), the greenfield airport will handle 400 daily flights within a year, Adani Group director (airports) Jeet Adani told TOI on Friday in an exclusive interaction. "We aim to have both domestic and international operations at NMIA from day one. If that does not happen for some reason, both will start for sure within the same month (Oct). The ratio of domestic and international flights will be 4:1 as T1 domestic capacity is 1.7 CPA and int'l is 30 LPA (lakh per annum). We have the flexibility to increase international passengers, based on demand," Adani said. While in its initial days connectivity may be an issue, eventually NMIA will be well-connected with a network of roads, rail, metro, air taxis and water connectivity. An aerocity is being developed that will, among other things, have hotels in all ranges from budget to luxury. "We have kept a digital first mindset at NMIA T1 with every service going to be digitally enabled from day one and the airport will be managed in a smart manner. From a consumer point of view, we will be able to give all the information in real time. Logging on to Adani One app, passengers will be able to know that their check-in bag is now on belt number so & so and we plan to do it from the day the airport gets operational. There will be no need to congregate at the belt and keep looking for one's check-in bag/s," Adani said. The digital footprint aims to change flyer "anxiety to excitement". "What are the biggest flyer concerns? 'Will I miss my flight? How long are the queues at various touchpoints? I forgot to pick up something for loved ones!' Scanning the boarding card will give all info on the app. So if you're able to give them information that 'relax, your walking time to gate is exactly so many minutes or that boarding hasn't started or your aircraft hasn't even landed yet, they will be able to comfortably explore the airport'," he said. Running both Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) and NMIA, the group has identified catchment areas for both. For people in the northern suburbs of Mumbai like Borivli, Kandivli and Virar, NMIA will be a long way off and they will continue to opt for CSMIA. "The eastern Mumbai catchment area all the way to Pune will find NMIA perfect for them as they won't have to enter the city. South Mumbai will be equidistant from both airports," Adani said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
