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Adani Group plans to invest INR 1 lakh crore in its airport business over the next five years, focusing on India's aviation sector, expected to grow 15-16% annually. Navi Mumbai International Airport, developed with a 74% Adani stake at an initial cost of INR 19,650 crore, will start commercial operations on December 25, with an initial capacity of 20 million passengers, expandable to 90 million. The group already operates airports in Mumbai, Ahmedabad, Lucknow, Guwahati, Thiruvananthapuram, Jaipur, and Mangaluru and plans aggressive participation in future airport privatisations.
Adani Group has announced plans to invest INR 1 lakh crore in its airports business over the next five years, reflecting strong confidence in the long-term growth of India's aviation sector. Jeet Adani, Director of Adani Airports and younger son of Gautam Adani, shared this ahead of the upcoming commercial operations at Navi Mumbai International Airport. Advertisement
Navi Mumbai International Airport, developed by Navi Mumbai International Airport Ltd (NMIAL) with Adani holding a 74% stake, is scheduled to begin operations on December 25. Built at an initial cost of INR 19,650 crore, the first phase will handle 20 million passengers annually, with plans to expand capacity to 90 million, aiming to ease congestion at Mumbai's existing airport and accommodate rising air traffic in the region.
The Adani Group had previously acquired Mumbai Airport from the GVK Group and now operates six additional airports in Ahmedabad, Lucknow, Guwahati, Thiruvananthapuram, Jaipur, and Mangaluru. This mix of metro and regional airports positions the group strongly for future expansions. Jeet Adani stated that the group intends to participate aggressively in the next round of airport privatisations, which could cover 11 airports identified by the Civil Aviation Ministry, alongside potential leasing opportunities under the National Monetisation Pipeline.
On investments in MRO (Maintenance, Repair, and Overhaul) and Flight Simulation Training Centre (FSTC) operations, Jeet Adani noted that the strategy is still being finalized, but the group aims to grow its expertise and capabilities in these segments. He emphasized that India's aviation industry, including airports and airlines, could sustain mid-teens growth for the next decade or more, driven by low per-capita air travel compared to countries like China.
Highlighting Mumbai's capacity challenges, Adani noted that Chhatrapati Shivaji Maharaj International Airport has been supply-constrained since 2016. He added that the launch of Navi Mumbai International Airport will relieve some of this pressure. The airport's commissioning is seen as a landmark moment, reflecting not just the scale of the asset but also the potential for future growth, as capacity can still increase up to four times.
Through Adani Airport Holdings Ltd (AAHL), the group is India's largest airport infrastructure operator, controlling about 23% of passenger movements and roughly 33% of cargo traffic nationwide. AAHL is investing in phased expansions at existing airports and enhancing non-aeronautical services such as retail and city-side developments, aiming to diversify revenue streams. Adani highlighted the separation between airport infrastructure and aircraft services businesses, which can serve both civilian and defense purposes.
In the previous privatisation round in 2019, the group won six airports and later acquired Mumbai Airport in 2021. The Civil Aviation Ministry has identified 11 airports, including six smaller ones, for public-private operations, while the National Monetisation Pipeline plans to lease 25 Airports Authority of India-operated airports between 2022 and 2025.
Source PTI
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