Adani Enterprises intends to deploy approximately Rs 1.75 lakh crore ($21 billion) into its airports business over the next decade, according to a report in the Economic Times, citing group CFO Jugeshinder Singh. Adani Airport Holdings, which oversees operations at seven Indian airports, will manage this investment.
Phase-I development on the city-side infrastructure has already commenced at airports in Mumbai, Ahmedabad, Jaipur, Lucknow, and Guwahati. The company aims to boost revenue from non-aero segments, targeting a 75 percent contribution to total revenue, and plans to list Adani Airport by 2028.
Adani Airport Holdings is also overseeing the construction of Navi Mumbai International Airport, scheduled for completion by early next year. Singh underscored the group’s dedication to enhancing India’s airport infrastructure, focusing on gateway expansion, regional connectivity, and digital advancements.
In FY25, the Adani Group will invest Rs 1.3 lakh crore ($15.6 billion) across diverse sectors, with a significant allocation towards green energy and airports. The group aims to raise $2-3 billion through equity this fiscal year, primarily from internal cash flows.
Chairman Gautam Adani recently unveiled a $100-billion investment plan for energy transition and infrastructure over the next decade. The group’s ambitious goal includes adding 40 GW of renewable energy capacity by 2030, necessitating an investment of approximately Rs 2 lakh crore.
