Adani Group's Ambitious Plan: Rs 60,000 Crore Investment in Airport Business

The Adani Group declared its intention to invest Rs 60,000 crore on airport expansion over the next ten years.

The purpose of this cash infusion is to raise the seven airports that it operates' potential income.

Within five years, the majority of this amount—roughly half—will be utilized to expand the terminal and runway.

The balance will be put toward the construction of airport infrastructure in the cities they serve, a project that should take ten years to complete.

The Rs 60,000 crore set aside for this expansion does not include the Rs 18,000 crore that was already set aside for the Navi Mumbai airport's Phase-I construction.

The Navi Mumbai airport, which is expected to open in March 2025, is a promising addition to the Adani Group's portfolio.

Speaking on the investment, Adani Airports Holdings (AAHL) CEO Arun Bansal emphasized the company's dedication to financing this project using internal accruals.

Adani Group's AEL to Fund Airport Expansion with Internal Accruals

Adani Enterprises Ltd (AEL) would subsidize the substantial sum with internal accruals. Following Prime Minister Narendra Modi's inauguration of the new terminal at the Lucknow airport, Bansal remarked at a press conference, "We are a startup operating under AEL, so AEL will fund it for us."

Currently in charge of six of India's main airports, the Adani Group has become a key participant in the aviation industry. These airports, which can be found at Thiruvananthapuram, Mangalore, Jaipur, Guwahati, Lucknow, Ahmedabad, and Guwahati, are important hubs for both domestic and international air traffic.

Adani Group's Strategic Acquisition: Mumbai and Navi Mumbai Airports

The Adani Group made a major move when it acquired Mumbai Airport and is set to acquire Navi Mumbai Airport from the GVK Group in 2021, further solidifying its dominance in the sector.

The firm now owns eight important airports, including some of the busiest and most significant aviation hubs in the nation, as a result of this calculated move.

The Adani Group Chairman, Gautam Adani, has laid out bold plans for these airports' expansion and development in the future.

The organization wants to improve services, infrastructure, and operational effectiveness throughout its network of airports with a forward-thinking approach.

According to this plan, Adani Airports CEO Karan Bansal anticipates a large capacity increase to meet the rising demand for air travel.

According to Bansal's prediction, the Adani Group's airport portfolio would be able to accommodate between 250 and 300 million people annually by the year 2040. This forecast illustrates the collective's

Following Prime Minister Narendra Modi's inauguration of the new terminal at Lucknow airport, the statement was made.