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Adani Group Aims To Invest 60,000 Crore In Airport Business Over The Next Decade

Adani Group: Karan Adani mentioned that currently, their airports handle around 10-11 crore passengers annually. The Adani Group plans to invest ₹60,000 crore in expanding seven existing airports in their portfolio over the next 5-10 years. Karan Adani, who is the MD of Adani Ports and Special Economic Zone, shared this information.

Arun Bansal, the Chief Executive Officer of Adani Airports Holdings (AAHL), further explained the investment plan. He mentioned that ₹30,000 crore will be used for the ‘airside’ development in the next five years. The remaining amount will be allocated for the ‘cityside’ development over the next five to ten years.

These investments will focus on improving facilities and infrastructure at airports located in Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati, Jaipur, and Thiruvananthapuram. The goal is to enhance the overall airport experience for passengers and ensure smoother operations.

Karan Adani mentioned that currently, their airports can handle 10-11 crore passengers every year. He explained that they plan to increase this capacity by up to three times. Lucknow already has a new terminal, and the next one to open will be Navi Mumbai, expected by next March. After that, a new terminal is planned for Guwahati airport. Additionally, they are considering building new terminals for Ahmedabad and Jaipur airports.

Overall, they aim to have a combined capacity of 25-30 crore passengers annually by 2040. This means they want their airports to be able to accommodate a much larger number of travelers each year. Their goal is to make sure there is enough space and facilities to handle the increasing number of passengers efficiently.

Adani Group

Adani Group – Navi Mumbai Airport Project

However, Karan Adani clarified that the total capital expenditure (capex) of ₹60,000 crore does not cover the ₹18,000 crore set aside for the Phase-I development of the Navi Mumbai airport. This means that the amount planned for investment in expanding airports does not include the funds specifically allocated for the initial phase of development for the Navi Mumbai airport.

The allocation of ₹18,000 crore for the Phase-I development of the Navi Mumbai airport is separate from the overall investment plan for expanding and upgrading existing airports. This amount will be specifically used for the initial development stages of the Navi Mumbai airport project.

Karan Adani’s statement emphasizes that while the Adani Group plans to invest heavily in airport expansion and development, the funds designated for the Navi Mumbai airport’s initial phase are accounted for separately and are not included in the ₹60,000 crore capex allocated for airport projects.

Arun Bansal Statement

Arun Bansal stated that their main focus is to make the Navi Mumbai airport operational and begin developing the city-side facilities at airports. He emphasized that their priority is to get the Navi Mumbai airport up and running smoothly, and then to start working on improving the facilities for passengers in the surrounding areas of airports.

Additionally, Bansal mentioned their international strategy, which involves participating in airport development projects that benefit the group. They carefully consider opportunities abroad, especially where there is a significant potential for growth, such as in ports and transmission projects. Currently, they are exploring opportunities in one specific country.

Bansal’s remarks highlight their approach to airport development and their broader strategy for international expansion. They aim to prioritize projects that align with their group’s goals and have the potential for significant growth and success.

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