Ahmedabad: Adani Airports Holdings Ltd (AAHL) announced on Wednesday that it has raised $750 million through External Commercial Borrowings (ECB) from a group of international banks. As India’s leading private airport operator and a subsidiary of Adani Enterprises Limited, AAHL plans to use these funds to refinance an existing $40 million debt, upgrade infrastructure, and expand capacity across its six airports—including Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram—and to grow its non-aeronautical sectors like retail, F&B, duty-free, and services within its airport network.
Arun Bansal, CEO of AAHL, highlighted the confidence of global financial institutions in India’s aviation sector, emphasizing the company’s focus on delivering excellent customer experiences, leveraging technology for efficient operations, and prioritizing sustainability and community engagement.
He also reaffirmed AAHL’s commitment to becoming the “Gateway to Goodness” by offering customer-centric solutions and building world-class airport infrastructure that meets global standards in service and sustainability. The financing was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank.
In FY 2024–25, AAHL served 94 million passengers and managed a capacity of 110 million. The company aims to triple this capacity to 300 million passengers annually by 2040 through phased development. As part of this plan, the upcoming operational Navi Mumbai International Airport is expected to add 20 million passengers in its initial phase and expand to serve up to 90 million annually, significantly enhancing Mumbai’s aviation capacity.
AAHL currently holds a 74% stake in Mumbai International Airport Ltd, which itself owns 74% of Navi Mumbai International Airport Ltd. With eight airports under its management and development, AAHL is India’s largest airport infrastructure company, accounting for 23% of passenger traffic and over 29% of the country’s air cargo traffic.