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MADC and GMR Group Partner for Nagpur Airport Expansion

Dec 28, 2024•over 1 year ago

Contract Type

partnership

NagpurGovernment

Description

Maharashtra Airport Development Company (MADC) has approved the transfer of 786 hectares of land to Mihan India Limited (MIL) for the expansion of Nagpur airport. MIL has partnered with GMR Group for the brownfield expansion of the airport, with the transfer expected to be completed by April. This partnership aims to create new infrastructure and facilitate the development of a larger airport in Nagpur.

Company Information

Company

Maharashtra Airport Development Company (MADC)

Location

Nagpur, Maharashtra, India

About

Maharashtra Airport Development Company (MADC) is a state government corporation and a joint venture partner in Mihan India Limited (MIL). MADC is focused on airport development and infrastructure in Maharashtra.

Predictive Intelligence
Strategic

ML-powered predictions for Maharashtra Airport Development Company (MADC)'s next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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