Adani Airports Holdings Ltd (AAHL), part of Adani Enterprises and the largest private airport operator in India, has successfully raised $750 million from a group of international banks. The consortium includes First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. The company raised the amount through external commercial borrowings, according to a filing made to the stock exchange.
The funds will be used for multiple purposes, including refinancing existing debts, upgrading infrastructure, and expanding capacity across six airports — Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. A portion of the funds will also support the growth of non-aeronautical businesses such as retail, food and beverage outlets, duty-free stores, and other services across its airport network.
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Arun Bansal, the CEO of AAHL, stated that the investment from top global banks reflects the long-term trust and value they see in India’s aviation sector. He emphasized that the company is focused on providing excellent customer experiences, using technology for smooth airport operations, and maintaining a strong commitment to sustainability and community development.
For legal support in this transaction, AAHL appointed Latham & Watkins LLP and Linklaters LLP as its English law advisors, while Cyril Amarchand Mangaldas and TT&A were chosen as the Indian law firms.
Looking ahead, the company is considering bidding for ground handling services at Mumbai and Ahmedabad airports. This comes after the Turkish operator Celebi Hava Servisi AS lost its security clearance due to Turkey’s support for Islamabad during the recent India-Pakistan conflict. This new step is part of Adani Group’s larger strategy to expand into related services that complement its existing airport operations.
In the last financial year, Adani Airports handled around 94 million passengers and currently has the capacity to manage over 110 million passengers annually. The company aims to increase this number to 300 million by the year 2040.
Additionally, the much-awaited Navi Mumbai International Airport is expected to begin operations soon. The first phase will handle over 20 million passengers, eventually expanding to serve up to 90 million. This new airport is expected to significantly strengthen aviation infrastructure in the Mumbai region.
