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Plan to invest ₹60,000 cr in airport biz in next 10 years: Adani Ports MD

By Economic Times - 9 months ago
The Adani Group plans to invest ₹60,000 crore over the next decade in its airport business, excluding the ₹18,000 crore already invested in the first phase of the Navi Mumbai airport. The investment will focus on infrastructure like runways, terminals, and city-side amenities, funded through internal accruals. The group aims to transform its airports into major international hubs, anticipating a significant increase in international travel. Once profitable, the airport business will be listed. With eight airports, the group aims to cater to 250-300 million passengers by 2040, up from the current 73 million across seven operational airports.

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