Adani Airports IPO Likely by 2027 Amid $100B Expansion Plan

Billionaire Gautam Adani-led Adani Group is preparing for the IPO of its airport business unit, Adani Airports Holdings Limited (AAHL), by March 2027, according to a Bloomberg report. The move is part of the conglomerate’s ambitious $100 billion investment strategy aimed at scaling its infrastructure and utility businesses over the next few years.

AAHL, a wholly owned subsidiary of Adani Enterprises, is India’s largest airport infrastructure company. Currently, it manages eight airports across the country and accounts for approximately 23% of India’s passenger footfalls and over 29% of its air cargo traffic.

Passenger Growth and Future Plans

In FY 2024-25, AAHL served 94 million passengers, with its infrastructure capable of handling up to 110 million. The company has outlined a long-term vision to nearly triple its annual passenger capacity to 300 million by 2040. A key contributor to this expansion is the upcoming Navi Mumbai International Airport, expected to be operational soon.

$750 Million Fundraising for Expansion

In a significant financial move, AAHL recently raised $750 million through external commercial borrowings (ECBs) from a consortium of international banks, including Barclays PLC, First Abu Dhabi Bank, and Standard Chartered Bank. The capital will be used to refinance existing debt and support infrastructure upgrades at six airports: Lucknow, Ahmedabad, Jaipur, Thiruvananthapuram, and Guwahati. Additionally, AAHL will expand its non-aeronautical revenue streams, including retail, duty-free, food & beverage, and passenger services.

AAHL CEO Arun Bansal, stated, “The trust placed in us by leading global financial institutions underscores the long-term 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 prioritising sustainability and community engagement across its airport network."

"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," he added.

Also Read: Adani Group Set for Major Expansion with $100 Billion Capex!

Conclusion

With strong backing from global financial institutions and a clear roadmap for expansion, Adani Airports Holdings is well-positioned to drive the next phase of India’s aviation infrastructure growth. The proposed IPO by 2027 marks a strategic milestone in the group’s journey toward building world-class airport facilities.

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