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Adani Group Finalizes Rs 96,000 Crore Five-Year Airport Expansion Plan

It allocates Rs 19,000 crore for an October start at Navi Mumbai International Airport with funding secured through equity, refinanced debt facilities.

Overview

  • The roadmap commits Rs 96,000 crore to modernize infrastructure and develop real estate across Adani’s seven-airport network over the next five years.
  • Navi Mumbai International Airport will open in October with a 2 crore-passenger annual capacity supported by a Rs 19,000 crore investment.
  • Jeet Adani says the second terminal at NMIA will either cost Rs 30,000 crore for 3 CPA capacity or Rs 40,000–45,000 crore for 5 CPA, with a final decision due within a year.
  • The plan includes a new Terminal 1 at Mumbai CSMIA by 2032 plus new or upgraded terminals at Ahmedabad, Jaipur, Thiruvananthapuram, Lucknow and a Guwahati facility commissioning later this year.
  • Funding will come from the group’s internal equity and refinanced debt, building on its June issuance of India’s first private airport investment-grade bond.