Adani to invest ₹1.35 L cr in airports expansion by 2030

ABOUT 70% OF FUNDING TO COME FROM DEBT

- MIHIR MISHRA AND PR SANJAI

THE ADANI GROUP plans to invest ₹1.35 lakh crore ($15 billion) to boost passenger capacity at its airports to 200 million annually in the next five years, people familiar with the matter said, helping power India’s aviation boom as it prepares to list its airport unit.

The plan involves adding terminals, taxiways, and a new runway at the Navi Mumbai airport, which is set to open December 25, said the people, who asked not to be identified as the plans are private. Alongside, the group will undertake capacity upgrades at Ahmedabad, Jaipur, Thiruvananthapuram, Lucknow and Guwahati airports, they said.