ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Indian billionaire Adani snaps up 6 pricey airport contracts

Modi's close friend targets non-metro cities but has little experience in aviation

Chairman and founder of Adani Group Gautam Adani was named India's 10th richest man last year by Forbes. (Getty Images)

MUMBAI -- At a stroke, Indian billionaire Gautam Adani has positioned his mines-to-energy conglomerate to become one of the country's leading airport operators -- despite a conspicuous lack of experience in the sector.

This week Adani Group snapped up six contracts for modernizing airports in smaller cities, beating out established operators and fellow newcomers such as GMR Group and Kerala State Industrial Development Corp. The clean sweep raised questions not only over the bid process, but also over how Adani Group will fund the huge operations.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more