Prime Highlights:
- Adani Airports Holdings Ltd raised $750 million of external commercial borrowings to fund expansion projects and retire maturing debt.
- The funds will be utilized in the development of infrastructure and increasing capacity in six high-priority Indian airports.
Key Facts:
- First Abu Dhabi Bank, Barclays, and Standard Chartered Bank facilitated the funding.
- Adani Airports is set to expand the number of annual passengers handled by its airports to 300 million by 2040 from the current level of 110 million.
- Documentary credit funds will also be utilized for developing non-aeronautical streams of business like retail and food & beverage facilities.
Key Background :
Adani Airports Holdings Ltd (AAHL), which is owned by Adani Enterprises, has obtained $750 million of external commercial borrowings from a group of global banks led by First Abu Dhabi Bank, Barclays, and Standard Chartered Bank. The financing cycle will be used to prepay $400 million of outstanding debt and raise funds for financing the development of infrastructure and capacity build-out in six of its airports.
These are the expansion and modernization projects of Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram airports. AAHL will enhance aeronautical and also non-aeronautical services, the latter such as retail, food and beverages, duty-free area, and other amenities to passengers for boosting overall revenue stream.
Adani Airports handled 94 million passengers with a total capacity of 110 million during the fiscal year 2024-25. The company plans to triple its capacity to 300 million passengers per annum by 2040 by following a phase-wise growth and upgradation policy. A few of the major projects under development are the Navi Mumbai International Airport, which would become operational in the near future with an initial passenger strength of 20 million and increasing up to 90 million in the long run.
AAHL CEO Arun Bansal spoke of the trust reposed by overseas financial institutions in the company’s growth story and the Indian aviation sector. He emphasized AAHL’s commitment to providing world-class customer service, utilization of technology for efficient operations, and community outreach and sustainability across the network.
This new injection of funds is a strategic move that not only strengthens AAHL’s balance sheet by refinancing debt at favorable rates but also provides the firepower to fuel expansion. Diversification of revenue outside of aeronautic avenues is the signature of the new wave of airport management that aims to make airports an energetic, integrated airport community.
Getting this round of funding is a major milestone that puts AAHL at the center of India’s rapidly growing aviation industry. AAHL is well-positioned to capitalize on increasing passenger volumes and the need for improved airport infrastructure.
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