The largest private airport operator in India, Adani Airports Holdings Ltd (AAHL), a division of Adani Enterprises, has raised $750 million by taking out external commercial loans from a number of foreign banks. Standard Chartered Bank, Barclays, and First Abu Dhabi Bank spearheaded the transaction.
The $400 million in existing debts will be repaid using the funds raised. According to a stock exchange announcement by the company, the remaining sum would be utilized to upgrade infrastructure and increase capacity at six airports: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. Additionally, it will support the expansion of non-aeronautical enterprises throughout the airport network, such as duty-free stores, food and beverage establishments, retail stores, and other services.
As of 11:24 am on the BSE Sensex, shares of Adani Enterprises had recovered their initial losses and were up 0.34% at Rs 2,480.00.
Adani Airports Holdings handled 94 million passengers during the fiscal year 2024–2025. By 2040, the company plans to increase this capacity to 300 million passengers a year through gradual growth. As part of this plan, the Navi Mumbai International Airport is expected to open soon. By carrying 20 million passengers annually in the first phase and eventually reaching 90 million, it will greatly enhance the aviation infrastructure in the Mumbai region.
Leading international financial institutions’ faith in us demonstrates the aviation infrastructure of India’s long-term worth and promise. Arun Bansal, CEO of AAHL, stated that the airline is well on its way to providing outstanding customer experiences, utilizing technology to ensure smooth operations, and giving sustainability and community involvement first priority throughout its airport network.
Almost at the same time as Celebi was banned, Adani was getting ready to enter the airport ground handling market. Adani Airports Holdings will launch a new firm to compete for contracts at other airports after the Turkish company Celebi Airport Services Limited exited the Indian market. Celebi’s security clearance from the Bureau of Civil Aviation Security (BCAS) was canceled after Turkey backed Pakistan in a recent geopolitical conflict.
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Ground handling services were offered at nine Indian airports, including those in Delhi, Mumbai, Bengaluru, Cochin, Hyderabad, and Goa, by Celebi Aviation Holding, the parent firm of Celebi Airport Services.
According to India’s ground handling regulations, all major airports with a yearly passenger volume of one million or more must have three ground handling businesses; smaller airports are required to have two.
As it seeks to solidify its position, the Adani Group intends to get into every associated industry in the airport sector.
