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Central Government/Public Sector | Multi State - India | PID: 202606
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The Adani Group plans to nvest Rs 60,000 crore in its seven existing airports over the next five to 10 years to enhance capacity and revenue-generating potential. The investment will be channelised into runways, taxiways, aircraft parking stands and terminals, as also city-side infrastructure including hotels and shopping malls.
As per Adani Airport Holdings, Rs 30,000 crore will be spent on the ‘airside’ in the next five years, while another Rs 30,000 crore will be allocated to the ‘cityside’ in the next five to 10 years at its seven existing airports - Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati, Jaipur, and Thiruvananthapuram.
The capital expenditure of Rs 60,000 crore does not include the Rs 18,000 crore allocated in construction of the first phase of Navi Mumbai airport. The investment will be funded through internal accruals.
Anticipating a shift in traffic patterns, the company envisions that air connectivity will be bolstered as these airports would become major international hubs in the future where international travel will increase.
The Adani Group inaugurated a new terminal at Lucknow on 10 March, 2024, built at a cost of Rs 2,400 crore, which will be able to handle 80 million passengers a year. The next project lined up is the Navi Mumbai airport and a new terminal at Guwahati airport. The focus is to build a platform for the airport business, with infrastructure and technology to a world-class level.
| Updated on: 11 - Mar - 2024
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