Adani Airports Bags $750 Mn Funding From Foreign Banks, Including Barclays, Standard Chartered; Stock Up 1%

Adani Airports Holdings (AAHL) has raised $750 million via External Commercial Borrowings (ECB) from a consortium of international banks, including First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank, said its parent firm, Adani Enterprises, on Wednesday. The company shares remained strong after the announcement.

Adani Enterprises shares were trading 1% higher at Rs 2497 per share at 2:35 pm on BSE on Wednesday. Its market capitalisation stood at Rs 2,88,198.93 crore on BSE.

Adani Enterprises' Aviation Arm Clinches Funding From Top Foreign Banks

Adani Enterprises' aviation arm, Adani Airports Holdings Ltd (AAHL), has raised around $750 million via External Commercial Borrowings (ECB). The funding amount has been secured from top international banks like First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank.

The funding will be used for refinancing existing debt, boosting infrastructure and capacity expenditure (capex) investment. The expansion will be made across six Adani airports like Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram.

The funding will help the company in boosting non-aeronautical businesses, including retai, F&B, Duty Free and services across the airport network.

"The proceeds are to be utilised towards refinancing of the existing USD 400 million debt, and the remaining towards growth capex of six of its airports and AAHL's non-aero business. Financing was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank," read a BSE filing by the company on Wednesday.

Adani Enterprises' airport arm has served 94 million passengers in FY 2024-25 with an overall capacity of 110 million passengers. The company also aims to expand its air passenger capacity by three times to 300 million passengers per annum by 2040 through phased development.

Adani's Navi Mumbai Airport To Be Operational Shortly

Navi Mumbai International Airport, operated by Adani Enterprises, will be operational by adding 20 million passengers in the first phase. The company aims to expand its capacity to 90 million annually in a phased manner.

"AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritising sustainability and community engagement across its airport network," said Arun Bansal, CEO of AAHL.

"As we continue our journey, AAHL remains committed to being the Gateway to Goodness, delivering customer-centric solutions and building world-class airport infrastructure that sets global benchmarks in service and sustainability"

Adani Airports Holding Limited was established in 2019. The flagship arm of Adani Enterprises is in line with its vision to be the global leaders in transport logistics. The Adani Group subsidiary entered the airport sector with the development of six airports, including Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram.

Adani Ports owns around a 74% stake in Mumbai International Airport, which has 74% stake in Navi Mumbai International Airport. With this, Adani Airports accounts for 23% of passenger footfalls and 29% of India's air cargo traffic.

Adani Enterprise Share Price Trend

Adani Enterprises shares opened at Rs 2489.7 per share on BSE on Wednesday. The company scrip touched its 52-week-high mark of Rs 3,550 per share on BSE on 4 JUne 2024. The Adani Group stock is currently recovering from the 52-week low mark of Rs 2,026.9 per share touched on 3 March, 2025. The stock value has declined around 2.45% year to date (YTD), additionally it has fallen around 15.19% in one year.