Adani Airports Secures $750M for Major Expansion

Adani Airports Holdings (AAHL), a subsidiary of Adani Enterprises and India’s largest private airport operator, has secured USD 750 million through External Commercial Borrowings (ECB) from a consortium of leading international banks. The funding round was led by First Abu Dhabi Bank, Barclays, and Standard Chartered Bank, the company announced.

The proceeds will be used to refinance existing debt, upgrade airport infrastructure, and expand capacity at six key locations: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. AAHL also plans to grow its non-aeronautical revenue streams, including retail, food and beverage, duty-free, and airport services.

In FY25, AAHL handled 94 million passengers across its network, with a current total capacity of 110 million. Looking ahead, the company aims to triple its capacity to 300 million passengers annually by 2040. A key driver of this growth will be the upcoming Navi Mumbai International Airport, projected to handle 20 million passengers in its first phase, eventually scaling to 90 million annually.

News by Rahul Yelligetti.