Ahmedabad: Adani Airports Holdings Ltd (AAHL) has raised USD 750 million via External Commercial Borrowings (ECB) from a consortium of international banks, including First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank.
AAHL is India’s largest private airport operator and a subsidiary of Adani Enterprises Limited.
Adani Airports has stated that it will use the proceeds to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across the six airports viz. Mangaluru, Jaipur, Guwahati, Thiruvananthapuram, Ahmedabad, and Lucknow. The money will also be used to grow the non-aeronautical businesses, including Retail, F&B, Duty Free and services across the airport network.
Adani Airports Holdings Ltd confirmed to serve 94 million passengers in FY 2024–25 with an overall capacity of 110 million passengers. The Adani Group company has set up plans to triple the capacity to 300 million passengers per annum by 2040 through phased development.
Moving ahead with the ambitious plan, AAHL is expected to open the Navi Mumbai International Airport soon. In the first phase, it has set a target to cater to 20 million passengers in the first phase, with capacity expanding up to 90 million annually in a phased manner, significantly boosting the Mumbai region’s aviation infrastructure.
“The trust placed in us by leading global financial institutions underscores the longterm value and potential of India’s aviation infrastructure. AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritizing sustainability and community engagement across its airport network,” said Arun Bansal, CEO of AAHL.
“As we continue our journey, AAHL remains committed to being the Gateway to Goodness, delivering customer centric solutions and building world-class airport infrastructure that sets global
benchmarks in service and sustainability.”
Adani Ports secured USD 750 million of financing through ECB from International Banks. The proceeds to be utilised towards refinancing of the existing USD 400 million debt, and the remaining towards growth capex of six of its airports and AAHL’s non-aero business. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
