June 24, 2017 6:21 PM ET

Construction and Engineering

Company Overview of Maharashtra Airport Development Company Ltd.

Company Overview

Maharashtra Airport Development Company Ltd. develops non-metro airports in Maharashtra. The company was founded in 2002 and is based in Mumbai, India.

World Trade Centre

8th Floor

Cuffe Parade

Mumbai,  400 005

India

Founded in 2002

Phone:

91 22 6615 1300

Fax:

91 22 2216 3814

Key Executives for Maharashtra Airport Development Company Ltd.

Vice Chairman and Managing Director
Compensation as of Fiscal Year 2016.

Maharashtra Airport Development Company Ltd. Key Developments

Maharashtra Airport Development Company Seeks Investors For Purandar Airports

Dorsch, which has been appointed the consultant for the proposed airport at Purandar, will use its vast international connect to bring in investors for the ambitious project. A senior official of Dorsch told The Times of India (TOI) that the company would work in close coordination with the Maharashtra Airport Development Company Ltd. (MADC) to provide it with various services. "When it comes to the project, there are two parts involved. One is the techno economic feasibility study (DPR) that will take about six months. Since the new airport is to be developed under PPP (public private partnership) model, it will require investors from the aviation sector. To bring in these investors, the detailed project report (DPR) for the project needs to be attractive," the official said.

Major Companies Reportedly Made Bids For Dr. Babasaheb Airport

Major players have responded to the global tenders for Dr. Babasaheb Ambedkar International Airport. According to sources, potential bidders includes, PNC Infratech Ltd (BSE:539150), GMR Infrastructure Limited (BSE:532754), IRB Infrastructure Developers Limited (NSEI:IRB), Tata Realty and Infrastructure Limited, Maharashtra Airport Development Company Ltd., GVK Power & Infrastructure Limited (BSE:532708) and Essel Infra Projects Limited. The deadline for accepting the RFQs was extended thrice and being considered as biggest response ever to any airport privatisation bid in the country.

Mihan Extends Dates For Privatization Of Nagpur Airport

Vishwas Patil, chairman of Maharashtra Airport Development Company Ltd. which is currently operating the Nagpur airport, said the dates have been extended till October 6. The dates have been extended because the companies which had shown interest in the pre-bid meeting had sought some more time. Interested parties want time because even other airports like Goa International Airport and Navi Mumbai International Airport Limited are up for privatization. They wanted to finish with that earlier. Sources also reported that were also being invited for major airports in Goa and Navi Mumbai that certainly are the priority for private players compared to Nagpur airport. The first round was extended after operators who showed interest sought time to make internal arrangement like joint ventures between them, said a source. The priority will certainly be Goa or Navi Mumbai airports. Once those bids are finalized the same operators may have little scope for taking up Dr. Babasaheb Ambedkar International Airport though the remaining ones may bid source added.

Recent Private Companies Transactions

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