Over the next five to ten years, the Adani group plans to invest an additional Rs 60,000 crore on each of its seven airports to increase their potential for income generation.
The remaining funds would be used to enhance the airports' cityside areas over a ten-year period, with over half going toward expanding the terminal and runway capacities during a five-year period.
The Rs 18,000 crore allotted for the Phase-I development of the Navi Mumbai airport, which is expected to start operations by March 2025, is not included in the Rs 60,000 crore investment.
Adani Enterprises Ltd (AEL) would subsidize the enormous sum with internal accruals. Adani Airports Holdings (AAHL) Chief Executive Officer Arun Bansal remarked during a press event following Prime Minister Narendra Modi's inauguration of the new terminal at the Lucknow airport, "We are a startup operating under AEL, so AEL will fund it for us."
Six airports are run by the Adani Group: Mangalore, Thiruvananthapuram, Guwahati, Jaipur, Lucknow, and Ahmedabad. It bought Mumbai and the future Navi Mumbai Airport from the GVK Group in 2021. By 2040, the Adani Group plans to expand its airport network to accommodate 250–300 million people, according to Bansal. Currently, it operates eight airports.
