JSW Group passes on latest airport auction terms, may revisit later
In short
JSW Group is not taking part in the latest airport auction terms for now. Parth Jindal said the company may look again if bigger airports like Kolkata and Chennai are opened for privatisation.
The comments show JSW is still interested, but only under different auction terms.
What the reporting says
JSW Group has passed on the latest airport auction terms, according to a Mint Industry summary quoting Parth Jindal. He said the group could reconsider if bigger city airports such as Kolkata and Chennai are opened for privatisation. The stance affects JSW’s near-term airport bid interest, with the group viewing airports as a ‘quasi-real estate play.’
Why it matters
JSW Group has stepped away from the latest airport auction terms, with Parth Jindal saying the company could revisit its position if larger city airports such as Kolkata and Chennai are opened for privatisation. The move affects expectations around the group’s airport expansion plans.