Making its first major move into the airport business, the Gautam Adani's infra group has emerged as the highest bidder for five Airports Authority of India (AAI)-run airports put for privatisation by the government last year.

Adani's infra group has emerged as the highest bidder for Guwahati airport. The financial bids for LGBI airport where opened by the Airports Authority of India (AAI) on Tuesday, February 26.

The Adanis were the highest bidder for the Ahmedabad, Thiruvananthapuram, Lucknow, Mangaluru and Jaipur airports, a senior AAI official told. The five airports would be handed over to the billionaire Gautam Adani-led conglomerate after the completion of formalities.

The government is planning to run these airports in the public-private way like mega hubs at Delhi and Mumbai for the next 50 years.

A senior AAI official said that Adani's per passenger, per month revenue bid of Rs. 160 is the highest for Guwahati. The revenue share amounts offered by the other five bidders are awaited. The official mentioned that the tendering process has been completed and the actual award of work and transfer of the airports to the highest bidder will take place after Cabinet clearance. The letter of award is said to be issued to the winning bidder on February 28.