According to the Economic Times, Adani Enterprises is set to invest approximately Rs 1.75 lakh crore ($21 billion) in its airports business over the next decade. This substantial investment will be overseen by Adani Airport Holdings, which currently operates seven airports in India.
The initial phase of city-side development has already commenced at airports in Mumbai, Ahmedabad, Jaipur, Lucknow, and Guwahati. Adani Enterprises aims to boost its revenue from non-aero segments, with a target of contributing 75 percent to the overall revenue. Additionally, the company plans to list Adani Airport by 2028.
Adani Airport is also responsible for the construction of the Navi Mumbai International Airport, which is expected to be completed by early next year. Jugeshinder Singh, the group CFO, emphasized the company’s dedication to transforming India’s airport infrastructure, with a focus on gateway development, regional expansion, and digital technology.
In FY25, the Adani Group intends to invest Rs 1.3 lakh crore ($15.6 billion) across various sectors, with a significant portion allocated to green energy and airports. The group aims to raise $2-3 billion through equity in the current financial year, primarily utilizing internal cash flows.
Chairman Gautam Adani has recently unveiled an ambitious investment strategy of $100 billion for the next decade, focusing on energy transition and infrastructure development. The Adani Group’s objective is to achieve a significant increase in renewable energy capacity, aiming to add 40 GW by 2030. This endeavor will necessitate an investment of approximately Rs 2 lakh crore.