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Mangaluru, Mar 13: The Mangaluru International Airport (MIA), the second busiest airport in Karnataka, handled 2,00,527 national and 92,290 foreign travellers in the first two months of the calendar year.

The MIA had handled 1,38,510 domestic and 56,506 international passengers in the corresponding two months of the previous calendar year, thus effectively ensuring that MIA handled 97,801 more passengers in the first two months of this calendar year, a release from the Adani-run MIA said here Sunday.

With more routes and airports opening, the development of airports has improved increasing the country’s investment opportunities while simultaneously increasing job prospects, the release said.

All seven Adani airports saw an increase of 92 per cent in domestic and 133 per cent in international travellers. There has been a rise in the number of domestic flights by 58 per cent and international flights by 61 per cent.

The air traffic jumped by around 100 per cent compared to the previous year, taking the number to pre-pandemic levels with more than 14.25 million passengers using these airports during the last year.

This upward trend is expected to continue and it is anticipated that the number of trips people will take in a year will increase. One of the factors driving this growth is the restart of tourism after the pandemic.

Being the second busiest airport in the country, Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) recorded nearly 8.44 million passenger movements in January-February this year. CSMIA witnessed nearly 2.22 million international and 6.22 million domestic passengers.

The first two months also saw a huge rush at the Sardar Vallabhbhai Patel International (SVPI) Airport in Ahmedabad. It had 1.74 million domestic passengers flying in and out of the airport. Its international traffic recorded 2,83,379 travellers.

Jaipur is the 11th busiest airport in the country. Jaipur International Airport (JIAL) recorded nearly 0.95 million passenger movements. JIAL experienced significant growth, with nearly 69,300 international passengers and around 0.88 million domestic passengers.

Being the busiest airport in Uttar Pradesh, Lucknow’s Chaudhary Charan Singh International Airport (CCSIA) recorded nearly 1.04 million passenger movements in both months. CCSIA witnessed a fruitful first two months with nearly 1,36,880 international and around 9.03 lakh domestic passengers.

Considered the gateway to Northeast India, Lokpriya Gopinath Bordoloi International (LGBI) Airport has flights to and from 32 domestic and two international destinations. It recorded a footfall of 9,02,694 passengers, witnessing a sharp increase from the corresponding months last year.

Thiruvananthapuram recorded 2,99,850 and 2,99,770 domestic and international footfalls. The airport has connectivity to ten domestic and 12 international airports.

The growth in traffic is proof of Adani Airports’ attempts to promote passenger confidence through initiatives like e-gates, barcode scanners, friendly and cooperative ground staff, Pranam Service, free Wi-Fi, retail and F and B stores and automated parking systems.

The rise in passenger traffic was driven by positive sentiments among air travellers and a strong surge due to the festive holiday season, the release said. 

Bengaluru, Mar 11: Karnataka Congress working president and former MP R Dhruvanarayana passed away on Saturday morning at the age of 61. 

He had complained of chest pain and was brought to the DRMS Hospital in Mysuru at around 6:40 am by his driver. However, he did not survive, a doctor at the hospital told reporters.

“R Dhruvanarayana passed away. He suffered chest pain and his driver picked him up at 6:40 am. But he didn't survive,” Dr Manjunath said.

Further details are awaited. Several Congress leaders took to social media to express their condolences.

“Shocked and saddened beyond words. My heart breaks at the loss of a leader like R Dhruvanarayana ji, Former MP and KPCC Working President. May his soul find peace. My support and prayers are with his family, friends and all workers,” Srinivas BV, National President of the Indian Youth Congress, said.

“Saddened to hear about the demise of Shri R. Dhruvanarayana ji, Former MP and KPCC Working President. Heartfelt condolences to the family, friends and well wishers,” Krishna Allavaru, the Joint Secretary of the All India Congress Committee, tweeted.

New Delhi, Mar 19: Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said.

The group's flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in Kutch district of Gujarat.

But after Hindenburg Research's January 24 report alleging accounting fraud, stock manipulations and other corporate governance lapses chopped off about $140 billion from the market value of Gautam Adani's empire, the apples-to-airport group is hoping to claw back and calm jittery investors and lenders through a comeback strategy.

The comeback strategy is based on addressing investor concerns around debt by repaying some loans, consolidating operations, and fighting off allegations.

The group has denied all allegations levelled by Hindenburg. As part of this, projects are being re-evaluated based on cashflow and finance available.

And of the projects the group has decided not to pursue for the time being is the 1 million tonne per annum Green PVC project, two sources with knowledge of the matter said.

The group has shot off mails to vendors and suppliers to "suspend all activities" on immediate basis.

In the mails, seen by PTI, the group has asked them to "suspend all activities of the scope of work and performance of all obligations" for Mundra Petrochem Ltd's Green PVC project "till further notice."

This is the following "unforeseen scenario". The management, it said, was "re-evaluating various project/s being implemented at group level in different  business verticals. Based on future cashflow and finance, some of the project/s are being re-evaluated for its continuation and revision in timeline."

Reached for comments, a group spokesperson said AEL will be evaluating the status of growth projects in primary industry vertical over the coming months.

"The balance sheet of each of our independent portfolio companies is very strong. We have industry-leading project development and execution capabilities, strong corporate governance, secure assets, strong cashflows, and our business plan is fully funded. We remain focused on executing our previously outlined strategy to create value for our stakeholders," the spokesperson said.

"AEL will be evaluating the status of growth projects in the primary industry vertical over the coming months".

The unit was to have a poly-vinyl-chloride (PVC) production capacity of 2,000 KTPA (kilo tonne per annum) requiring 3.1 million tonne per annum (MTPA) of coal that was to be imported from Australia, Russia and other countries.

PVC is the world's third-most widely produced synthetic polymer of plastic. It finds wide applications - from flooring, to making sewage pipes and other pipe applications, in insulation on electrical wires, packaging and manufacture of aprons etc.

Adani Group had planned the project as PVC demand in India at around 3.5 MTPA was growing at the rate of 7 per cent year-on-year. With near stagnant domestic production of PVC at 1.4 million tonne, India is dependent on imports to keep pace with the demand.

The Hindenburg report had alleged "brazen stock manipulation and accounting fraud" and use of offshore shell companies to inflate stock prices. The group has denied all Hindenburg allegations, calling them "malicious", "baseless" and a "calculated attack on India".

As part of the comeback strategy, the group has cancelled a Rs 7,000 crore coal plant purchase as well as shelved plans to bid for stake in power trader PTC to conserve expenses. It has repaid some debt and pre-paid some of the finances raised by pledging promoter stake in group companies.