Adani Airports Holdings Secures USD 750 Million Financing To Enhance Infrastructure And Capacity

Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Limited, has secured USD 750 million through External Commercial Borrowings (ECB) from a group of international banks. This financing was spearheaded by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. The funds will be used to refinance existing debt and support infrastructure development across six airports.

The proceeds from this financing will be directed towards refinancing an existing USD 400 million debt. Additionally, the remaining funds will be allocated for growth capital expenditure at six airports: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. AAHL also plans to expand its non-aeronautical businesses such as retail and duty-free services.

Expansion Plans and Passenger Capacity

In the fiscal year 2024–25, AAHL served 94 million passengers with a total capacity of 110 million. The company aims to increase this capacity to 300 million passengers annually by 2040 through phased development. The Navi Mumbai International Airport is expected to become operational soon, initially accommodating 20 million passengers in its first phase.

The Navi Mumbai International Airport's capacity is projected to expand up to 90 million annually over time. This development is anticipated to significantly enhance aviation infrastructure in the Mumbai region. AAHL's strategic expansion aligns with its vision of becoming a global leader in integrated infrastructure and transport logistics.

Commitment to Excellence

"The trust placed in us by leading global financial institutions underscores the long-term value and potential of India's aviation infrastructure," said Arun Bansal, CEO of AAHL. "AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritizing sustainability and community engagement across its airport network."

Bansal further emphasized that AAHL remains committed to being the "Gateway to Goodness," focusing on customer-centric solutions and building world-class airport infrastructure that sets global benchmarks in service and sustainability.

Legal Counsel Involvement

Latham and Watkins LLP along with Linklaters LLP provided English Law counsel for this transaction. Cyril Amarchand Mangaldass and TT&A acted as Indian law counsel. These legal experts played a crucial role in facilitating the successful completion of the financing deal.

About Adani Airports Holdings Ltd

Established in 2019 as a wholly-owned subsidiary of Adani Enterprises Ltd, AAHL emerged as the highest bidder for managing six airports: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. It signed concession agreements with the Airports Authority of India for these airports.

AAHL also holds a significant stake in Mumbai International Airport Ltd., which controls Navi Mumbai International Airport Ltd. With eight airports under its management portfolio, AAHL stands as India's largest airport infrastructure company. It accounts for 23% of passenger footfalls and over 29% of India's air cargo traffic.