Adani Group Injects $750 Million into Airport Expansion Drive
On Wednesday, Adani Airports Holdings Ltd. (AAHL) announced that it has secured $750 million from a group of global banks through External Commercial Borrowings (ECB).
The proceeds will be used to refinance the existing $40 million debt, invest in infrastructure upgrades and capacity expansion across the six airports (Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram), and scale the non-aeronautical businesses, such as retail, food and beverage, duty-free, and services throughout the airport network, according to Adani Enterprises Limited (AEL), India’s largest private airport operator.
“The trust placed in us by leading global financial institutions underscores the long-term value and potential of India’s aviation infrastructure. AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritizing sustainability and community engagement across its airport network,” said Arun Bansal, CEO of AAHL. “As we continue our journey, AAHL remains committed to being the ‘Gateway to Goodness’, delivering customer-centric solutions and building world-class airport infrastructure that sets global benchmarks in service and sustainability,” Bansal added.
The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. With a total capacity of 110 million passengers, AAHL carried 94 million passengers in FY 2024–2025. Through phased construction, it hopes to treble capacity to 300 million passengers annually by 2040.
The Navi Mumbai International Airport is anticipated to open soon as part of this plan, adding 20 million passengers in the first phase and gradually increasing capacity to 90 million passengers yearly, greatly enhancing the aviation infrastructure in the Mumbai area.
Additionally, AAHL owns 74% of Mumbai International Airport Ltd, which owns 74% of Navi Mumbai International Airport Ltd.
With eight airports in its management and development portfolio, AAHL is India’s largest airport infrastructure company, accounting for 23 per cent of passenger footfalls and over 29 per cent of India’s air cargo traffic.
https://www.adaniairports.com/
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