Tata Realty and Infrastructure, Ferrovial SA may join hands for Mumbai airport bid.

The Tata Group's deepening interest in India's civil aviation sector has now widened to include seeking to build Mumbai's second airport. But its holdings in two proposed airlines may mean it will need to keep its stake low in airport ventures because of conflict-of-interest issues.

Group company Tata Realty and Infrastructure is preparing a possible JV with Heathrow Airport's biggest shareholder, Ferrovial SA of Spain, to bid for the Navi Mumbai airport project. This comes after the Tata group unveiled plans to invest in two new carriers last year. The Spanish company is one of the world's leading investors in transportation infrastructure projects. It also specialises in designing and constructing such structures. The company controls a fourth of Heathrow Airport Holdings, which owns four airports in London.


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