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<keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="261" meta.entityid="Adani Group">Adani group</keyword> plans to invest about Rs 1.3 lakh crore across its portfolio companies in this financial year, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, the group's CFO said. The investment will range from ports to energy, airports, commodities, cement and media. 70% of this will met through internal cash generation and the remaining will be taken care through debt, group CFO Jugeshinder 'Robbie' Singh noted. The group will look to refinance $3-4 billion of debt maturing in the year and raise an additional $1 billion in project financing, he said, adding the annual $2-2.5 billion of equity infusion by bringing in new investors is also likely to continue. "This year will be more about asset completion," the CFO continued. <keyword id="34553" type="General" weightage="20" keywordseo="Renewable-energy" source="Orion">Renewable energy</keyword> firm <keyword id="19898586" type="General" weightage="20" keywordseo="Adani" source="keywords">Adani</keyword> Green will complete 6-7 GW project, while the solar wafer manufacturing unit will also attain scale. Also, the new airport at Mumbai will be completed. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40% higher than what the portfolio is estimated to have incurred in FY24. The group had previously guided a $100 billion capex over the next 7-10 years. Most of this investment is going to go into the group's fast growing businesses -- renewable energy, <keyword id="8411893" type="General" weightage="20" keywordseo="green-hydrogen" source="Orion">green hydrogen</keyword> and airports and infrastructure. As much as 70% of the planned capex will go into its green portfolio - primarily <keyword id="19904987" type="General" weightage="20" keywordseo="renewable-power" source="keywords">renewable power</keyword>, green hydrogen, green evacuation. Of the remaining 30%, the majority will be spent towards airports and ports businesses. Adani group companies posted a record 45% rise in pre-tax profit (Ebitda) to Rs 82,917 crore (about $10 billion) in FY24, Singh said. Emerging from a damning report of a US short seller <keyword id="191733" type="General" weightage="20" keywordseo="Hindenburg" source="Orion">Hindenburg</keyword>, which hit the market value of its listed companies, Adani group in 2023-24 focused on containing debt, reducing founder share pledge and consolidating the business in core competencies. The five-year CAGR (compound annual growth rate) for profit growth was 54% A school drop-out, group chairman <keyword id="19929098" type="General" weightage="100" keywordseo="Gautam-Adani" source="keywords">Gautam Adani</keyword> started out as a commodities trader and rose to be counted amongst world's richest with an empire spanning across ports, power generation, airports, mining, renewables, gas, data centres, media and cement. Today, Adani group is the world's second largest solar power company, it is the largest airport operator with 25% of passenger traffic and 40% of air cargo, the largest ports and logistics company with 30% market share, largest integrated energy player, and the country's second largest cement manufacturer. With strong emphasis on <keyword id="19895435" type="General" weightage="20" keywordseo="green-energy" source="keywords">green energy</keyword> transition, it will be allocating more than 70% of this $100 billion to its green businesses including renewable power, green hydrogen, and green evacuation transmission lines. The conglomerate is building the world's largest renewable park at Khavda, Gujarat, spanning over 530 square kilometers, which is about five times the size of the city of Paris. A large portion of total investments is earmarked for expansion and development of its fast-growing airports business and ports business. With a portfolio boasting eight airports including the upcoming <keyword id="57321" type="General" weightage="20" keywordseo="navi-mumbai" source="Orion">Navi Mumbai</keyword> airport and 14 domestic ports, Adani wants to further solidify its presence in these sectors.

Adani to invest Rs 1.3 lakh crore in FY25 across its companies

<ul><li>Very few stocks have withstood the recent mid-March market correction like <keyword id="19899182" type="General" weightage="20" keywordseo="indigo" source="keywords">IndiGo</keyword> did.</li><li>Sector experts believe that with <keyword id="20517074" type="General" weightage="20" keywordseo="gofirst" source="keywords">GoFirst</keyword> and <keyword id="19987725" type="General" weightage="20" keywordseo="spicejet" source="keywords">SpiceJet</keyword> in trouble, the industry is moving towards a ‘cosy duopoly’.</li><li>IndiGo is expanding its capacity, adding more routes and aiming to double in size by 2030. </li></ul>Be it large or small cap, very few stocks have withstood the recent market correction that kickstarted on March 13. IndiGo belongs to a rare club of stocks that has slowly yet steadily risen even in a market where investors were getting disillusioned. It has run up by 13% in a sideways market in the last one month, and has also hit a lifetime high recently. Over the last one year, it has given a tad over 94% returns to its investors. On Wednesday, an IndiGo aircraft grazed the wings of <keyword id="19923231" type="General" weightage="20" keywordseo="air-india-express" source="keywords">Air India Express</keyword> at the <keyword id="19896626" type="General" weightage="20" keywordseo="kolkata" source="keywords">Kolkata</keyword> airport, prompting the launch of a probe from the Directorate General of Civil Aviation (DGCA). Such on-ground incidents can lead some volatility for the stock, but its long-term prospects seem bright, say brokerages. Growing market The rationale behind the rising bets on this aviation stock appears strong. The travel bug that’s bitten Indians during the post-pandemic era refuses to die down. Most sectoral analysts believe that the number of air travellers can grow from 225 million (expected) in 2024 to as much as 510 million by FY30. “Indigo expects demand to remain robust with passenger traffic likely to grow 2.3x led by a shift in traffic from railways to airlines, accelerated airport expansion (<keyword id="19932272" type="General" weightage="20" keywordseo="navi-mumbai" source="keywords">Navi Mumbai</keyword> and Delhi airports), rise in passport holding passengers and increase in connectivity to neighbouring countries,” says a report by Nuvama. Moreso, metro to non-metro travel is also gaining traction, which can add to the passenger growth momentum. The number of domestic airports is expected to rise from 140 to 220. The cherry on the top of the cake is that the market is gravitating towards a ‘cosy’ duopoly after GoFirst’s grounding last year and SpiceJet’s ongoing financial troubles. Fewer players – dominated by IndiGo and Air India — means more pricing discipline which can drive yields over the long term. “Since the entire fleet of Go First is expected to stay grounded and Spice Jet’s operational capacity is also likely to fall by 70% by March 2024, the industry shall have two large players with a combined domestic market share of around 75%. IndiGo is likely to benefit from market share gains across categories amid weakening of small players,” says Nuvama. Going global Along with domestic growth, India itself has plans to become an aviation hub which can benefit its aviation players. “Strong focus on international expansion continues and company (Indigo) as well as Indian regulators believe India can become an important global hub for international-to-international travel travel, akin to the Middle East,” said a research report by UBS. Indigo, which already has over 60% market share in the domestic market is at a unique position to expand internationally too. “An airline with double of today's size, global reach and footprint by the year 2030. That is the ambitious target,” Indigo CEO Pieter Elbers told PTI in an interview on Wednesday. The company is also increasing its capacity by anywhere between 11-13% in FY25. It’s in the process of adding wide body aircraft ie. A321 XLRs to cover mid to long haul markets. These aircraft are expected to be in service over the next two years. “The company expects its international segment’s share to rise to around 30% by FY25E from around 27% currently,” says Nuvama. Moreover, it has increased its codeshare destinations (in agreement with other airlines) to 49 – 35 within Europe and seven within Australia. Its destinations in general are at 121, with 33 in Asia and 88 in India. “We maintain our positive stance on Indigo considering strong growth prospects of the Indian aviation industry, share gains in international travel, efficient cost structure and operational excellence,” says UBS. Even as it has around 70 aircraft grounded due to issues with Pratt &amp; Whitney engines and more, it’s not too much of a dampner, believe brokerages. As per management commentary, grounded aircraft will remain at current levels for the next 1-1.5 years, and will see a sharp decline after that. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

IndiGo stock to soar on a cosy duopoly and an expanding market, say brokerages

<keyword id="740344" type="General" weightage="50" keywordseo="national-eligibility-cum-entrance-test" source="Orion">National Eligibility Cum Entrance Test</keyword>, NEET is the national exam for medical aspirants who want to take admission to medical courses across the country. Every year lakhs of students appear for it and some thousands are able to clarify who gets admissions according to ranking. The only difference between those who have got good grades and are able to secure a seat in government colleges and the ones, who are struggling for admission, is their study approach. Whoever is pursuing a career in medicine by default might be burning the midnight oil and putting in 100 per cent effort to crack the exam and get into the best institution, but certain things like the right study material which definitely <keyword id="416916" type="General" weightage="80" keywordseo="oswaal-books" source="Orion">Oswaal Books</keyword> provides make a great difference. 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No study material can be more wholesome than this. 2. Longer retention If retention is your problem, then we have a very easy solution and that is Oswaal Books which gives a summary of an entire chapter in one page so that when you are sitting to do revision, you don't have to fumble through the pages that kills a lot of time, and you just have few left for your exams so you actually can't make the notes now. 3. Revision Notes Apart from providing the summary, these books also consist of short handy notes that are exclusively for last-minute preparation. For example, if tomorrow is your exam, then you might not be able to study from the snapshots as well, there come the concise revision notes that will help you recall that you have studied in great detail for all these years. Isn't it just amazing? 4. QR codes When it comes to competitive exams and if you have filled the NEET form for 2023 second time then you would know that no matter how well prepared you are, there still be certain questions that are out of the book and if you want to crack those as well, then you need to study extra and with Oswaal Books you can do that on the go as they provide a QR code that needs to be scanned and there comes additional material online which you can read anywhere, anytime, you just need your phone. 5. Tips to crack NEET This is a carefully crafted section, where you are provided with the top tips to crack the exam with the highest score and they come directly from those who have already secured top positions. Isn't it everything that you were looking for? 6. Solved question papers based on the latest pattern Checking out the latest pattern is very important so that there are no surprises on exam day. You may be able to manage time well and appear for all questions aptly. 7. RMT Cards Oswaal NEET (UG) RMT CARDS are divided into 3 main categories -Revise, Memorise &amp; Test. 1) REVISE CARDS - Recap of key concepts with concept videos 2) MEMORISE CARDS - Learn important scientific terms, definitions &amp; equations 3) TEST CARDS - Quick-fire questions for practice These are attractive cards that students can study from, anywhere and anytime. The information is divided into different categories of cards. These cards are extremely handy and easy to use, with clear usage guidelines given inside. Now that you most of the things about clearing your NEET exam and that too smartly, order your books online which are now available at a great discount. Always remember to trust the best and suggest the same to your friends. This story has been provided by <keyword id="2297398" type="General" weightage="50" keywordseo="srv" source="Orion">SRV</keyword>. will not be responsible in any way for the content of this article. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/hyundai-drives-in-new-verna-starting-at-10-89-lakh-hots-up-competition-in-mid-size-sedan-segment/articleshow/98858654.cms">Hyundai drives in new Verna starting at ₹10.89 lakh; hots up competition in mid-size sedan segment</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/noida-navi-mumbai-airports-to-get-operational-by-next-year/articleshow/98858834.cms">Noida, Navi Mumbai Airports to get operational by next year</a>

NEET exam 2023 registration: How to apply and what you need to know

<keyword id="6367820" type="General" weightage="20" keywordseo="adani-group" source="Orion">Adani Group</keyword> is well on track to be the worlds largest renewable power generating company by 2030, <keyword id="111343" type="General" weightage="20" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>, Chairman, Adani Group said. Speaking at a JP Morgan event, Adani said the group is already the world's largest solar power player when we account for our generating, under construction, and contracted projects. "We have done this in just two years and our Renewables Portfolio has reached our initial target of 25GW a full four years ahead of schedule. This puts us well on track to be the world's largest renewable power generating company by 2030. This also opens up several new pathways for us including setting us up to be one of the largest green hydrogen producers in the world", Adani said. Adani announced that over 75 per cent of our planned capex until 2025 will be in green technologies. "We will triple our renewable power generation capacity over the next four years - from 21 per cent now to a high of 63 per cent. No company is building at this scale", he added. "Over the next 10 years, we will invest over 20 billion dollars across <keyword id="34553" type="General" weightage="20" keywordseo="renewable-energy" source="Orion">renewable energy</keyword> generation, component manufacturing, transmission &amp; distribution", Adani said. "We are now India's largest private sector power producer, largest private port operator, largest private airport operator, largest private consumer gas and electric utility business, largest private electric transmission company and largest infrastructure developer in renewables," Adani said. "In just the last eight years, we have acquired over 50 assets amounting to about 12 billion dollars. Every one of these has been successful and we have continued to get better at integrating the acquisitions we make. This is a rare capability we have built", Adani said. The Adani Group's plans for airport-centered growth include metropolitan developments that span entertainment facilities, e-commerce and logistics capabilities, aviation dependent industries, smart city developments, and other innovative business concepts. The best example is our Mumbai airport. "We will not only scale the existing airport but also operationalize the Navi Mumbai International Airport by 2024. This airport will handle 80 million additional passengers. This coincides well with India becoming the world's 3rd largest aviation market", Adani said. With regards to the Digital business, Adani said upcoming new businesses will include all of our digital-related ventures that now span Data Centres, Industrial Clouds, and the <keyword id="12142039" type="General" weightage="20" keywordseo="adani-digital-labs" source="Orion">Adani Digital Labs</keyword>. "Earlier this year we established Adani Digital Labs as a part of Adani Enterprises to be able to provide a unified experience to all our end consumers. Today, our end consumer base is growing at 15 per cent. If we can onboard every consumer that is an Adani Consumer on our digital platform, we will potentially have over a billion consumers by 2030," Adani said. "I have very little doubt that every one of our own B2C businesses will be engagements driven on mobile platforms. Therefore, the consumer insights we will obtain through a unified platform will set us on the path to building our own SuperApp platform', he added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/paras-defence-and-space-technologies-ipo-gets-fully-subscribed-by-retail-investors-on-first-day/articleshow/86393465.cms">Paras Defence and Space Technologies’ IPO gets fully subscribed by retail investors on first day</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/srei-group-may-leave-4-billion-dollar-hole-in-icici-bank-axis-bank-uco-bank-and-canara-bank/articleshow/86389825.cms">Srei Group may leave a $4 billion hole in some of India’s biggest banks</a>

Adani Group to invest $20 billion in renewable energy in 10 years

Mumbai, Apr 30 () The construction of the international airport at Navi Mumbai will be little delayed due to the situation arising out of the coronavirus pandemic, GVK Group Vice Chairman Sanjay Reddy said on Thursday. He is also the Managing Director of Navi Mumbai International Airport Ltd (NMIAL). The Rs 16,000-crore aerodrome is being built by a consortium led by GVK Power &amp; Infrastructure. A release issued by industry body CII quoted Reddy as saying that the construction and starting of Navi Mumbai airport, is expected to be a little delayed due to the current situation in the wake of the pandemic. The airport would be using the most advanced technologies and artificial intelligence, he said. Reddy was addressing a session on the future of travel amidst the COVID-19 situation, organised by the Young Indians (Yi) Mumbai Chapter of the CII, as per the release. Every single business and organisation is currently reinventing themselves. The pandemic would also foster the use of modern technology, which in turn would bring in more efficiency in the system, he said. "During the pre-vaccine period, airports are expected to adapt to various safety and hygiene practices. Also, it is expected that business travels will be reduced due to more utilisation of virtual platforms and travel cost cutting in various organisations," Reddy was quoted as saying in the release. The post-vaccine period is going to be totally different as people would be eager to travel, he added. The GVK group is already a majority stakeholder in the Mumbai International Airport Ltd (MIAL), which is running the Mumbai airport. The second airport in the Mumbai region was expected to be open in December 2019 and the deadline was pushed to 2021. The passenger terminal building is being developed to initially have a capacity to handle 10 MPA (Million Passengers per Annum) and would be enhanced to 20 MPA. The GVK group plans to spend Rs 8,500 crore in the first phase of the project. The Navi Mumbai airport project is a public-private partnership venture in which MIAL holds 74 per cent stake with Maharashtra's CIDCO. The concession agreement for the new airport was signed between the NMIAL and CIDCO in January 2018. IAS RAM

Navi Mumbai airport construction to be little delayed amid coronavirus pandemic

Mumbai, <keyword id="6367820" type="COMPANY" weightage="20" keywordseo="adani-group">Adani Group</keyword>'s flagship holding <keyword id="10722889" type="UNKNOWN" weightage="20" keywordseo="company-adani-airport-holdings-ltd">company Adani Airport Holdings Ltd</keyword> (AAHL) has acquired 23.5 per cent stake in the <keyword id="6592232" type="COMPANY" weightage="20" keywordseo="mumbai-international-airport-ltd">Mumbai International Airport Ltd</keyword> (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd (Bidvest) for ₹1,685.25 crore. In a <keyword id="525282" type="PERSON" weightage="20" keywordseo="regulatory-filing">regulatory filing</keyword>, <keyword id="118623" type="DOMAIN" weightage="20" keywordseo="Adani-Enterprises">Adani Enterprises</keyword> said that AAHL has acquired 28.20 crore equity shares of MIAL. AAHL is also a wholly owned subsidiary of Adani Enterprises. "Adani Airport Holdings Ltd has acquired 23.5 per cent equity stake i.e. 28,20,00,000 equity shares of ₹10 of Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division (Mauritius) Ltd," the filing said. Incorporated on March 2, 2006, MIAL is engaged in the business of development, construction and operation of the Chhatrapati Shivaji Maharaj International Airport. In August last year, the AAHL entered into an agreement to acquire the debt of GVK Airport <keyword id="311614" type="DOMAIN" weightage="20" keywordseo="Developers-Ltd">Developers Ltd</keyword> (GVKADL) which in turn would help the Adani Group acquire controlling interest in MIAL. GVKADL is the holding company through which <keyword id="6608657" type="COMPANY" weightage="20" keywordseo="GVK-Group">GVK Group</keyword> holds 50.50 per cent equity stake in the Mumbai International Airport Ltd (MIAL), which in turn holds 74 per cent equity stake in the Navi Mumbai International Airport Ltd. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/heres-why-you-arent-being-able-to-apply-for-brookfield-reit-ipo-through-zerodha-groww-angel-broking-and-other-stockbroking-apps/articleshow/80686457.cms">Here's why you aren't being able to apply for Brookfield REIT IPO through Zerodha, Groww and other stockbroking apps</a> <a href="https://www.businessinsider.in/stock-market/news/analysts-explain-why-indigo-paints-shares-fell-with-a-thud-just-like-burger-king-and-mrs-bectors-and-what-to-do-with-it-now/articleshow/80704864.cms">Indigo Paints joins the league of Burger King and Bector's — frenzied IPOs that fizzled out</a> <a href="https://www.businessinsider.in/tech/news/the-india-stack-that-bill-gates-and-sundar-pichai-so-love-is-set-to-get-much-bigger-thanks-to-the-indian-governments-new-blockchain-strategy/articleshow/80718403.cms">The India stack that Bill Gates and Sundar Pichai so love is set to get much bigger – thanks to the Indian government’s new blockchain strategy</a>

Adani Group acquires 23.5% stake in Mumbai International Airport for ₹1,685 crore

If things work as planned, <keyword id="6358070" type="LOCATION" weightage="20" keywordseo="mumbai">Mumbai</keyword> will have at least two operational metro lines in 2020 connecting the western suburbs of the city. The two corridors, Metro Line-2A (Dahisar-DN Nagar) and Metro Line-7 (Dahisar East-Andheri East), are proposed to be commissioned simultaneously in 2020, the <keyword id="64095" type="COMPANY" weightage="20" keywordseo="Mumbai-Metropolitan-Region-Development-Authority">Mumbai Metropolitan Region Development Authority</keyword> (MMRDA) said in a statement. MMRDA has not yet received possession of land for a car depot for Metro Line-7 as the land parcel is currently with the Airports Authority of India (AAI).
 MMRDA had proposed to give AAI another land in Gorai in lieu of their land. However, currently, this land has got a stay by the Bombay High Court as it had been earmarked for a law university.
 Meanwhile, MMRDA has also claimed that corridors, Line-2B (DN Nagar-Mandale), Line-4 (Wadala-Kasarvadavali) and Line-6 (Swami Samarth Nagar-Vikhroli), will be operational by 2021.
 The Supreme Court has restrained MMRDA from chopping trees for construction of the Metro Line-4 and asked to maintain status quo on felling of trees for the project. It had also sought replies from the MMRDA and the state.
 The ambitious Colaba-Bandra-Seepz Metro-3 corridor, being implemented by the <keyword id="117023" type="LOCATION" weightage="20" keywordseo="Mumbai-metro">Mumbai Metro</keyword> Rail Corporation (MMRC), has been facing several roadblocks and also missed its deadlines, which is now expected to be commissioned in 2021. After the change of dispensation in Maharashtra, Chief Minister Uddhav Thackeray ordered a stay on the construction of a metro car-shed for Metro Line-3 in <keyword id="6370614" type="DOMAIN" weightage="20" keywordseo="aarey">Aarey</keyword> colony, touted as the city's green lungs. Protests by locals, NGOs and the chief minister's son who is now a Cabinet minister, Aditya Thackeray, led to Uddhav Thackeray making this announcement soon after taking charge.
 "Once completed, these five lines -- 2A, 7, 2B, 4 and 6 -- with an aggregate worth of Rs 44,869 crore are expected to serve more than 50 lakh commuters at around 98 stations across the city," the MMRDA said.
 These lines are expected to make a considerable commuter shift by 35 per cent, thus easing the gruelling grind that the suburban rail network is, it said.
 "We are overcoming the biggest challenge one might face, which was to do these development projects without having to completely stop the vehicular traffic even for 10 minutes. It will be an accomplishment to showcase to the entire world. Mumbaikars have shown great patience. Now, it is time to reap rewards," MMRDA Commissioner R A Rajeev said.
 Apart from these, Mumbai will also witness works on projects like Mumbai Trans-Harbour Link (MTHL) and the Virar-Alibaug Multi-Modal Corridor having an aggregate cost of Rs 31,430 crore. 
 The ambitious Rs 17,843-crore MTHL project will be connecting Sewri with Nhava Sheva and help solve the traffic congestion in the island city by improving connectivity between Mumbai and <keyword id="57321" type="LOCATION" weightage="20" keywordseo="Navi-Mumbai">Navi Mumbai</keyword>. "Besides these, there are several other bridges and connectors which will be beneficial to Mumbaikars. There are two flyovers, with an estimated cost of around Rs 163 crore and a road coming up to clear the BKC junction, among others proposed," MMRDA said. PSK HRS

In 2020, Mumbai's Western suburbs could have two operational metro lines

Ever experienced a scenic flight <keyword id="2073446" type="UNKNOWN" weightage="100" keywordseo="On-board-a-seaplane">on board a seaplane</keyword>? No, you don’t have to shell out a fortune any more to charter a private seaplane and go flying. From today (February 24), <keyword id="1703859" type="UNKNOWN" weightage="100" keywordseo="commercial-seaplane-service">commercial seaplane service</keyword> is starting in Mumbai for the first time. And that’s another feather in the cap of the financial capital after the city rolled out the country’s first-ever <a href="http://www.businessinsider.in/Mumbai-Monorail-IsNow-On-Track-To-Run-From-Feb-1/articleshow/29663991.cms">monorail</a> on February 1. 
 Initially, the <keyword id="509938" type="UNKNOWN" weightage="100" keywordseo="seaplane-service">seaplane service</keyword> is connecting Mumbai to <keyword id="2073466" type="UNKNOWN" weightage="100" keywordseo="Aamby-Valley-hill-station">Aamby Valley hill station</keyword> in <keyword id="6378734" type="CITY" weightage="100" keywordseo="Lonavala">Lonavala</keyword> – a 100 km stretch – and the flight will take just 25-28 minutes or one-fourth of the time taken by a road trip. As of now, there will be just one flight a day and you only get a <keyword id="2073454" type="UNKNOWN" weightage="100" keywordseo="Four-seater-Cessna-206">four-seater Cessna 206</keyword> amphibian. But the <keyword id="1429804" type="UNKNOWN" weightage="100" keywordseo="seaplane-services">seaplane services</keyword> will be scaled up if there is enough response. The flights will be operated by Mumbai-based <keyword id="1392953" type="COMPANY" weightage="100" keywordseo="Maritime-Energy-Heli-Air-Services">Maritime Energy Heli Air Services</keyword> (<keyword id="779896" type="UNKNOWN" weightage="100" keywordseo="MEHAIR">MEHAIR</keyword>) and a <keyword id="2073455" type="UNKNOWN" weightage="100" keywordseo="nine-seater-Cessna-208">nine-seater Cessna 208</keyword> amphibian will be deployed if the demand rises. 
 While a seaplane is capable of taking off or landing on water, without an airstrip, there is another variety that can also take off from regular airfields on land. <keyword id="1645279" type="UNKNOWN" weightage="100" keywordseo="test-flights">Test flights</keyword> for the current stretch took place in December last year and the amphibians landed and took off from the <keyword id="2073458" type="UNKNOWN" weightage="100" keywordseo="Aamby-Valley-Lake">Aamby Valley Lake</keyword>. 
 
In June last year, Kerala launched the country’s first tourist seaplane service that connects the distant backwater destinations. Similar services are also available in the Andaman and Nicobar Islands. 
 Mumbaikars, however, will have to wait some more for the intracity seaplane flights from Juhu to Girgaum Chowpatty. The <keyword id="190329" type="COMPANY" weightage="100" keywordseo="Maharashtra-Tourism-Development-Corporation">Maharashtra Tourism Development Corporation</keyword> (<keyword id="111420" type="ORGANIZATION" weightage="100" keywordseo="MTDC">MTDC</keyword>), along with MEHAIR, had planned it nearly two years ago. But the project got delayed as it was awaiting crucial clearances from several authorities. It has finally got the nod from the <keyword id="6369097" type="ORGANIZATION" weightage="80" keywordseo="Ministry-of-Defence">Ministry of Defence</keyword> and has also obtained clearances from key agencies including the <keyword id="56306" type="POSITION" weightage="80" keywordseo="Coast-Guard">Coast Guard</keyword>, the <keyword id="42407" type="ORGANIZATION" weightage="100" keywordseo="Navy">Navy</keyword>, <keyword id="11098" type="ORGANIZATION" weightage="100" keywordseo="police">police</keyword>, the <keyword id="170906" type="ORGANIZATION" weightage="100" keywordseo="urban-development-department">urban development department</keyword>, <keyword id="48434" type="COMPANY" weightage="100" keywordseo="BMC">BMC</keyword>, <keyword id="136514" type="COMPANY" weightage="100" keywordseo="Mumbai-Port-Trust">Mumbai Port Trust</keyword>, the <keyword id="6356826" type="COMPANY" weightage="80" keywordseo="environment">environment</keyword> department and the <keyword id="54875" type="ORGANIZATION" weightage="80" keywordseo="Airports-Authority-of-India">Airports Authority of India</keyword>. 
 But to implement this project, MTDC will require to build a <keyword id="2073482" type="UNKNOWN" weightage="100" keywordseo="Floating-jetty">floating jetty</keyword> for ferrying passengers to and fro. It has already earmarked some 5,000 sq km, about 100-200m into the sea and next to H2O, the privately operated water <keyword id="6356028" type="COMPANY" weightage="60" keywordseo="Sports">sports</keyword> complex. However, a High Court-appointed committee will have to give the go-ahead first before the <keyword id="2073483" type="UNKNOWN" weightage="100" keywordseo="Mumbai-City-Collectors-office">Mumbai City Collector’s office</keyword> can grant the land near the city’s coast. 
 
Once the last leg of the project is cleared and the seaplane service is launched, the hour-long commute will come down to 5-7 minutes for a one-way fare of Rs 750-1,000. 
 MTDC and MEHAIR are also planning to operate several other routes with no air connectivity. In fact, MTDC has already started working with the irrigation ministry to identify suitable water bodies like dams, lakes and rivers for starting seaplane services across the state. The upcoming destinations could be Lonavala, <keyword id="64488" type="PERSON" weightage="100" keywordseo="Mahabaleshwar">Mahabaleshwar</keyword>, <keyword id="46028" type="CITY" weightage="100" keywordseo="Panchgani">Panchgani</keyword>, <keyword id="143186" type="CITY" weightage="100" keywordseo="Shirdi">Shirdi</keyword>, <keyword id="2073489" type="UNKNOWN" weightage="100" keywordseo="Shani-Singnapur">Shani-Singnapur</keyword> and <keyword id="680155" type="CITY" weightage="100" keywordseo="Trimbakeshwar">Trimbakeshwar</keyword> – most of them are either popular <keyword id="476562" type="UNKNOWN" weightage="100" keywordseo="tourist-attractions">tourist attractions</keyword> or noted <keyword id="680154" type="UNKNOWN" weightage="100" keywordseo="pilgrimage-sites">pilgrimage sites</keyword>. So fasten your seatbelt and be ready – these amphibians are all set to take you on a discovery flight of a lifetime – over land and water. 
 
With input from Agencies. 
Image: Thinkstock Photos/Getty Images

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