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HAL Takes Charge of ISRO’s SSLV Rocket: What It Means for India’s Space Ambitions

Written by: Team Angel OneUpdated on: 24 Jun 2025, 8:58 pm IST
HAL will pay ₹511 crore to take full commercial control of SSLV in 2 years, gaining non-exclusive rights for design and development.
HAL Takes Charge of ISRO’s SSLV Rocket: What It Means for India’s Space Ambitions
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The Adani Group has announced an additional capital investment of ₹34,802 crore in the Navi Mumbai International Airport Pvt Ltd (NMIAL) by the financial year 2029-30, as per a Business Standard news report. This is over and above the ₹22,531 crore already being invested in the airport's first 2 development phases. This enhanced capital outlay was shared with the Airports Economic Regulatory Authority (AERA) in a recent submission.

Project Development Scope and Facilities

As part of the first 3 out of 5 planned phases, the greenfield airport will feature 2 passenger terminals, dual runways, a multi-modal transport hub, cargo handling infrastructure, and a dedicated metro link. The facility, being developed and operated by Adani Group-led NMIAL, is scheduled to commence commercial operations in August 2025.

Interim Tariff Structure and Regulatory Approval

Following Adani’s latest submission, AERA issued an interim tariff order dated 20 June. It has sanctioned temporary user development fees (UDF) of ₹620 for departing domestic travellers and ₹1,225 for international departures. Passengers arriving on domestic and international flights will be charged ₹270 and ₹525, respectively. 

These charges will remain in effect from the airport’s launch until 31 March 2026, or until AERA finalises a long-term tariff through stakeholder consultation. NMIAL stated that such interim tariffs are standard practice for new airports across India.

 

Read more: Adani Plans ₹10,000 Cr Township Near Navi Mumbai Airport!

Conclusion 

Adani Group's significant additional investment underscores its commitment to developing Navi Mumbai Airport into a world-class aviation hub. The interim tariffs approved by AERA mark a crucial regulatory milestone ahead of the airport’s planned launch in August 2025.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jun 24, 2025, 3:28 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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