Adani Group To Pump Rs 96,000 Crore Into Airport Business Over Five Years
The Adani Group is set to make an investment of Rs 96,000 crore in its airport operations over the next five years, with a strong emphasis on infrastructure upgrades and real estate development. The bulk of this capital will be directed toward the Navi Mumbai and Mumbai airport projects, as the conglomerate doubles down on its domestic aviation ambitions.
Jeet Adani, who leads the group's airport division, confirmed in a recent interview to The Times Of India that the company is not looking at international expansion for now. Instead, the focus remains on tapping into India's growing aviation market, which he believes holds immense potential for long-term growth.
A key highlight of the group's roadmap is the Navi Mumbai International Airport (NMIA), which is expected to be operational by October. The airport will initially handle 20 million passengers annually, backed by an investment of Rs 19,000 crore. Looking ahead, the group is evaluating two expansion options for NMIA's second terminal—either a Rs 30,000 crore terminal with a 3-CPA (Code Passenger Aircraft) capacity or a larger Rs 40,000–Rs 45,000 crore terminal with a 5-CPA configuration. The long-term vision is to scale NMIA to accommodate 90 million passengers annually, with a total investment nearing Rs 1 lakh crore, Adani noted.
In Mumbai, the group is planning to construct a new Terminal 1 by 2032, with an estimated outlay of Rs 5,000 crore. Beyond the financial capital, terminal upgrades are also in the pipeline for airports in Ahmedabad, Jaipur, and Thiruvananthapuram, while expansion work is actively progressing in Lucknow. A new terminal in Guwahati is expected to be ready by late this year, he said.
To fund these projects, the group plans to use a mix of internal accruals and debt refinancing. Adani also emphasised the importance of aligning infrastructure development with airline growth, highlighting ongoing collaborations with major carriers like IndiGo and Air India.
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