Adani Enterprises Plans IPOs for Airports, Metals, Data Centres and Roads by 2031

Adani Enterprises, the flagship company of the Adani Group, is preparing to list its high-growth businesses, including airports, metals, data centres, and roads, by 2031, as per the news reports. 

This move is part of the conglomerate’s strategic roadmap to unlock value from its mature verticals between 2027 and 2031.

Strategic Listings Across Key Infrastructure Verticals

The company will follow its previous successful listing strategy from 2016 to 2020, through which Adani Wilmar, Adani Green Energy, and Adani Total Gas went public. Now, the next phase will include the IPOs of Adani Airport Holdings, Adani Roads Transport, metals ventures, and data centre projects. These businesses are expected to generate significant EBITDA growth and are being primed for the public markets.

Airport Business Leading With Rapid Growth

Adani is India’s largest private airport operator, managing 8 airports. The business is housed under Adani Airport Holdings, a 100% owned subsidiary. In the September quarter, the airport business reported EBITDA of ₹1,062 crore, marking a 43% rise year-on-year. Cityside commercial developments across 114 acres in cities like Mumbai, Lucknow, and Ahmedabad are being steered to boost non-aero revenues, a major profit driver for the vertical.

Metals and Road Ventures Set for Completion

The metals business is expected to become India’s 2nd-largest after Vedanta over the next few years. Simultaneously, Adani Roads Transport, which posted ₹930 crore EBITDA in H1 FY26, has 7 operational road projects, while another 7 are under construction. Key assets like the Ganga Expressway are anticipated to be completed by 2028, further fuelling the company’s listing readiness.

Read More: India at the Intersection of Clean Energy and AI: Gautam Adani on Adani-Google Vizag Initiative!

Data Centres Poised for Long-Term Growth

Data infrastructure forms an essential part of the Group’s digital transformation strategy. AdaniConneX, its data centre joint venture, is expected to be part of the IPO pipeline as data demand scales exponentially across sectors. With assets maturing by 2031, this vertical could emerge as a significant wealth creator.

Conclusion

Adani Enterprises is clearly recalibrating its portfolio to maximise value from critical infrastructure sectors. With plans to begin IPOs between 2027 and 2031, the group is aligning its growth trajectory with national infrastructure expansion while unlocking shareholder value through strategic listings.

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