Adani Airports, a part of Adani Enterprises, is undertaking a significant expansion of its airport infrastructure, with a ₹20,000 crore city-side investment plan aimed at boosting non-aeronautical revenue, as per news reports. More than 70% of this capital will be directed towards upgrading the Mumbai and Navi Mumbai airports through commercial and hospitality-led development.
Adani Airports, a part of Adani Enterprises, has announced a multi-phase ₹20,000 crore capital infusion largely centred on city-side development. About 70% of the investment will benefit Mumbai and Navi Mumbai International Airports. The goal is to raise non-aero revenue to 70% of total revenue by 2030, a rise from the current 50% share. This shift follows a global trend among major airports focusing on mixed-use developments for long-term business sustainability.
The 240-acre Navi Mumbai International Airport, expected to begin its first operational phase in October 2025, is the centrepiece of this development strategy. The city-side area of Zone 2 will feature five hotels with a combined capacity of 1,000 keys, 3 office towers and retail space, including a shopping mall. These developments aim to mirror successful global models like Schiphol, Zurich’s "The Circle", and Sydney Airport’s commercial ecosystems.
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By 2030, Adani Airports aims to derive 70% of its revenue from non-aeronautical sources such as hospitality, retail, office leasing and service apartments. Restrictions under the Airports Authority of India Act limit expansion at the Mumbai airport, making Navi Mumbai's concession model and land availability a more viable option. The development will avoid standalone residential projects but allow for service apartments attached to hotel facilities.
In June 2025, Adani Airports Holdings raised $750 million in external commercial borrowings to refinance existing debt and support retail, food and beverage upgrades across its six managed airports. The company’s airport division already registered ₹2,715 crore in revenue for Q1 FY26, up 25% year on year, indicating strong momentum behind the diversification push.
On August 7, 2025, Adani Enterprises share price opened at ₹2,290.00 on NSE, below the previous close of ₹2,300.30. During the day, it surged to ₹2,295.00 and dipped to ₹2,275.60. The stock is trading at ₹2,277.90 as of 9:25 AM. The stock registered a moderate decline of 0.97%.
Over the past week, it has declined by 3.11%, over the past month, it has declined by 11.74%, and over the past 3 months, it has declined by 3.15%.
Adani Airports' expansive city-side development plan signifies a strong pivot towards a diversified airport revenue model. By leveraging hospitality and commercial real estate around major airports, the group aims to future-proof its business while contributing to India’s evolving aviation infrastructure.
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Published on: Aug 7, 2025, 12:07 PM IST
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