Adani Airports raises $750 million to boost capacity, repay debt and expand services
Mumbai: Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises and the largest private airport operator in India, has raised $750 million through external commercial borrowings from international lenders.
The financing was led by First Abu Dhabi Bank, Barclays, and Standard Chartered Bank.
According to a stock exchange filing, $400 million from the proceeds will be used to repay existing loans, while the remainder is earmarked for infrastructure enhancement and capacity expansion at six airports — Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram.
Additionally, the funds will support the growth of non-aeronautical businesses such as retail, food and beverages, duty-free outlets, and other services across the network.
Shares of Adani Enterprises recovered early losses and were trading 0.34% higher at Rs 2,480.00 on the BSE Sensex as of 11:24 am.
AAHL handled 94 million passengers in FY 2024–25 and aims to increase this capacity to 300 million annually by 2040 through phased expansion.
A key milestone in this plan is the upcoming launch of Navi Mumbai International Airport, which will initially accommodate 20 million passengers per year, eventually scaling up to 90 million in subsequent phases.
“The trust placed in us by leading global financial institutions underscores the long-term value and potential of India’s aviation infrastructure. AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritising sustainability and community engagement across its airport network,” said Arun Bansal, CEO of AAHL.
The funding comes as Adani prepares to enter the airport ground handling sector, following the exit of Turkish firm Celebi Airport Services Limited from India.
Celebi was barred from operating in the country after losing security clearance from the Bureau of Civil Aviation Security (BCAS), a move that followed Turkey’s support for Pakistan in a recent geopolitical conflict.
Celebi Aviation Holding, its parent company, had been offering ground handling services at nine Indian airports, including Delhi, Mumbai, Bengaluru, Cochin, Hyderabad, and Goa.
Adani is now planning to establish a new entity to bid for similar contracts across various airports.
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