Roberta Aguirre
Adani Group is a major stakeholder in Mumbai International Airport Ltd, which operates Mumbai Airport. The group also operates airports in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. Adani Group has been actively bidding for airports, focusing on acquiring a controlling stake in Mumbai Airport. They plan to expand their airport capacity by 2040, investing in new terminals and runways and aiming to accommodate 250 to 300 million passengers.
| Characteristics | Values |
|---|---|
| Number of Airports | 7 operational airports, 8 in the management and development portfolio |
| Airports | Sardar Vallabhbhai Patel International Airport, Ahmedabad; Lokpriya Gopinath Bordoloi International Airport, Guwahati; Jaipur International Airport; Chaudhary Charan Singh International Airport, Lucknow; Mangaluru International Airport; Chhatrapati Shivaji Maharaj International Airport, Mumbai; Navi Mumbai Airport 21st Century Green Field Airport; Thiruvananthapuram International Airport |
| Investment | ₹60,000 crore over the next 10 years, in addition to the ₹18,000 crore already invested in the first phase of Navi Mumbai Airport |
| Passenger Capacity | Current capacity: 73 million passengers at 7 operational airports; Target capacity: 250-300 million passengers by 2040 |
| Ownership | Adani Airport Holdings Limited (AAHL), a 100% subsidiary of Adani Enterprises Ltd |
| Stake | 73% stake in Mumbai International Airport Ltd, which holds 74% of Navi Mumbai International Airport Ltd |
| Plans | Building new terminals in Lucknow, Guwahati, and Navi Mumbai; Expansion projects in Ahmedabad, Jaipur, and Mangaluru |
| Strategy | Focus on acquiring a controlling stake in Mumbai Airport; Not interested in acquiring stakes in Delhi, Bengaluru, or Hyderabad airports |
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What You'll Learn
Adani Group's airport expansion plans
The Adani Group has outlined a significant investment plan of Rs 60,000 crore over the next five to ten years to expand its seven existing airports in India. The group aims to more than double its airport capacity by 2040, increasing its current capacity of 110 million passengers annually to around 300 million. This expansion plan includes new terminals in Lucknow, Navi Mumbai, Guwahati, Ahmedabad, and Jaipur. Lucknow Airport's capacity, for instance, will be increased from 8 million passengers per year to 13 million and eventually 38 million by 2035.
The Adani Group secured the rights to operate these airports through a competitive bidding process after the Centre's privatisation in 2019. The group's existing airports include the Sardar Vallabhbhai Patel International Airport in Ahmedabad, Lokpriya Gopinath Bordoloi International Airport in Guwahati, Jaipur International Airport, Chaudhary Charan Singh International Airport in Lucknow, Mangaluru International Airport, Chhatrapati Shivaji Maharaj International Airport in Mumbai, and Thiruvananthapuram International Airport.
The Adani Group's expansion plans are part of a broader strategy to enhance travel infrastructure and services across India, particularly in the post-pandemic era. The group intends to create integrated city environments at its airports, fostering economic and infrastructural growth. To fund these expansion plans, the Adani Group is seeking $1 billion in investment, with negotiations underway with Middle Eastern funds. Despite setbacks, such as the withdrawal of Adani Enterprises' follow-on public offering (FPO), the group remains committed to its airport growth strategy.
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Adani Airport Holdings Limited (AAHL)
- Sardar Vallabhbhai Patel International Airport, Ahmedabad
- Lokpriya Gopinath Bordoloi International Airport, Guwahati
- Jaipur International Airport
- Chaudhary Charan Singh International Airport, Lucknow
- Mangaluru International Airport
- Chhatrapati Shivaji Maharaj International Airport, Mumbai
- Navi Mumbai International Airport (NMIAL)
- Thiruvananthapuram International Airport
AAHL aims to reshape India's airports by blending advanced technology, memorable consumer experiences, and sustainable practices in airport development. The company has a vision of redefining the city-airport relationship by building shared facilities that cater to evolving global travel, lifestyle, and work requirements.
To achieve this, AAHL has committed to investing ₹60,000 crore over the next 5-10 years to expand its existing airports. About half of this investment will be used to increase terminal and runway capacity, while the rest will be invested in city-side development. AAHL also plans to more than double its airport capacity by 2040, with new terminals and expanded capacity at Lucknow, Navi Mumbai, Guwahati, Ahmedabad, and Jaipur airports.
In addition to infrastructure development, AAHL prioritizes enhancing the travel experience through innovative facilities and personalized services. AAHL has also introduced the 'SAKSHAM' initiative, which focuses on cultivating a culture that empowers employees to excel and fostering excellence within the organization. AAHL's strategy revolves around expanding capacity, elevating its brand, and driving innovation, with a commitment to shaping an elevated travel experience for its customers.
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Adani's airport investment
Adani Group is committed to offering top-notch airport infrastructure to its passengers, ensuring a seamless and secure airport experience. The company has already invested ₹18,000 crore in building the first phase of the Navi Mumbai airport, which is expected to be completed by the end of this year or early next year. The Adani Group also plans to invest about ₹60,000 crore to expand its seven existing airports in India over the next 5-10 years. This investment will be used to expand the airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati, Thiruvananthapuram, and Jaipur.
Adani Group's managing director, Karan Adani, stated that the current capacity at these airports is 100-110 million passengers annually, and the aim is to increase this capacity by up to three times with the help of the investments. About half of the investment would be used for terminal and runway capacity expansion over five years, while the rest would be invested in city-side development over ten years. The group expects significant revenue growth from commercial development, as aeronautical tariffs are regulated, and expects commercial investments to materialise over ten years, depending on various approvals.
Adani Enterprises, the flagship company of the Adani Group, plans to invest a total of $21 billion in its airport business over the next decade. This investment will be used for city-side development at all airports under Adani Airport's management. The company aims to increase revenue from the non-aero segment, targeting a 75% contribution to overall revenue and operating profit. The airport business, managed by Adani Airport Holdings, currently operates seven airports across India, including those in Mumbai, Lucknow, Ahmedabad, Jaipur, Guwahati, and Thiruvananthapuram.
Adani Group's airport investments are part of its strategy to meet the rising demand for air travel in India. The Indian aviation market is rapidly growing, with a significant increase in passenger numbers. The Adani Group plans to more than double its airport capacity by 2040 to cater to this growing demand.
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Airports operated by Adani
Adani Group has been actively bidding for airports in recent years. The group's strategy has been to focus on acquiring a controlling stake in Mumbai airport, where they are already a majority stakeholder, rather than other airports. They are not interested in acquiring the Airports Authority of India's (AAI) residual share in airports such as Delhi, Bengaluru and Hyderabad airports.
Adani Group currently operates seven airports: Sardar Vallabhbhai Patel International Airport, Ahmedabad; Lokpriya Gopinath Bordoloi International Airport, Guwahati; Jaipur International Airport; Chaudhary Charan Singh International Airport, Lucknow; Mangaluru International Airport; Chhatrapati Shivaji Maharaj International Airport, Mumbai; and Thiruvananthapuram International Airport. The eighth airport, Navi Mumbai Airport, is under construction. Adani Airports Holdings Limited (AAHL) is a 100% subsidiary of Adani Enterprises Ltd and is India's largest airport infrastructure company, accounting for 25% of passenger footfalls and 33% of India's air cargo traffic.
Adani Group plans to more than double its airport capacity by 2040, increasing it from 110 million passengers annually to 300 million. This will be achieved by expanding the capacity of its existing airports and opening new terminals in Lucknow and Guwahati. The group also intends to invest ₹60,000 crore in its airport business over the next ten years, with half of this investment going into terminal and runway capacity and the rest into city-side development.
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Adani's airport acquisitions
Adani Group has been actively bidding for airports in recent years. The group's strategy has been to focus on acquiring controlling stakes in airports, with a view to developing them into major international hubs. Notably, the Adani Group already holds a majority stake in Mumbai International Airport Ltd., the company that operates Mumbai Airport.
In 2021, the Adani Group acquired Mumbai Airport from the GVK Group. Additionally, between 2020 and 2021, the group won the rights to upgrade and operate six other airports for a period of 50 years. These airports include Sardar Vallabhbhai Patel International Airport in Ahmedabad, Lokpriya Gopinath Bordoloi International Airport in Guwahati, Jaipur International Airport, Chaudhary Charan Singh International Airport in Lucknow, Mangaluru International Airport, and Thiruvananthapuram International Airport.
Adani Group has also expressed interest in acquiring the Airports Authority of India's (AAI) stake in the Mumbai International Airport. However, they are not keen on acquiring AAI's residual share in other airports such as Delhi, Bengaluru, and Hyderabad. The group intends to invest ₹60,000 crore in its airport business over the next decade, with funds allocated for city-side infrastructure, runways, and terminals.
Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises Ltd., currently manages eight airports, including the upcoming Navi Mumbai Airport. The group is preparing to accommodate 250 to 300 million passengers by 2040, a significant increase from the current capacity of approximately 73 million passengers across its seven operational airports. To achieve this, Adani Group plans to expand the capacity of its existing airports and open new terminals in Lucknow, Guwahati, and Navi Mumbai.
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Frequently asked questions
The Adani Group owns and operates seven airports: Sardar Vallabhbhai Patel International Airport, Ahmedabad; Lokpriya Gopinath Bordoloi International Airport, Guwahati; Jaipur International Airport; Chaudhary Charan Singh International Airport, Lucknow; Mangaluru International Airport; Chhatrapati Shivaji Maharaj International Airport, Mumbai; and Thiruvananthapuram International Airport. They also hold a 73% stake in Mumbai International Airport Ltd, which has a 74% holding in the Navi Mumbai International Airport Ltd.
Adani Group airports currently serve around 73 million passengers annually. However, they aim to increase their capacity to 250-300 million passengers by 2040.
The Adani Group intends to invest ₹60,000 crore in its airport business over the next ten years. This includes investments in city-side infrastructure, runways, taxiways, aircraft parking stands, and terminals. They plan to expand the capacity of their existing airports and develop new terminals in Lucknow, Guwahati, and other cities.
Yes, the Adani Group has been actively bidding for airports and has a particular interest in acquiring a controlling stake in Mumbai International Airport. They currently hold a 73% stake in Mumbai International Airport Ltd.
Navi Mumbai Airport is a new airport project that the Adani Group has been working on. They have already invested ₹18,000 crore in the initial phase of its development. The Adani Group considers Navi Mumbai Airport a trigger for listing its airport business.
