GMR Group has received a shot in the arm with the Supreme Court clearing the decks for it to operate the Babasaheb Ambedkar International Airport in Nagpur. The apex court upheld the Bombay High Court's decision to quash the state-owned MIHAN (the Multi-modal International Cargo Hub and Airport at Nagpur) India's order cancelling a contract awarded to the airport developer to operate the Nagpur airport.
While GMR, which operates the Indira Gandhi International Airport in Delhi, had emerged as the highest bidder in the tender process for the Nagpur airport in 2019, a year later the Maharashtra government had decided to cancel the tender process and issued a letter annulling the bid process. GMR had moved the Bombay High Court seeking quashing of the annulment letter.
This story is from the May 2022 edition of Cruising Heights.
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This story is from the May 2022 edition of Cruising Heights.
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