Adani Enterprises to invest Rs 1.75 lakh crore in airports business in next 10 years: Report

Billionaire Gautam Adani to invest a large amount in airport business over the next decade

Adani Enterprises plans to invest around Rs 1.75 lakh crore ($21 billion) in its airports business over the next 10 years, the Economic Times reported, citing group CFO Jugeshinder Singh. This investment will be managed by Adani Airport Holdings, which operates seven Indian airports.

The Phase-I of city-side development has begun at the airports in Mumbai, Ahmedabad, Jaipur, Lucknow and Guwahati. The company plans to increase its revenue from non-aero segments, targeting a 75 percent contribution to the overall revenue, and plans to list Adani Airport by 2028.

Adani Airport also manages the construction of the Navi Mumbai International Airport, expected to be completed by early next year. Singh emphasised the group's commitment to transforming India’s airport infrastructure, focusing on gateway development, regional expansion, and digital technology.

Adani Group will invest Rs 1.3 lakh crore ($15.6 billion) in FY25 across various sectors, with a significant portion allocated to green energy and airports. The group plans to raise $2-3 billion through equity in this financial year, with most funding sourced from internal cash flows.

Chairman Gautam Adani recently announced a $100-billion investment plan for energy transition and infrastructure for the next 10 years. The group aims to add 40 GW of renewable energy capacity by 2030, requiring an investment of about Rs 2 lakh crore.