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Adani Group has announced plans to invest INR 1 lakh crore in its airports business over the next five years, banking on sustained growth in India's aviation sector. The strategy is anchored by the upcoming launch of Navi Mumbai International Airport on December 25, which will initially handle 20 million passengers annually. The group, India's largest airport operator, currently manages eight airports and plans to bid aggressively in future privatisation rounds while expanding ancillary and aircraft services.
Adani Group has outlined a major investment plan for its airports business, with proposed capital expenditure of INR 1 lakh crore over the next five years, reflecting confidence in India's long-term aviation growth. The investment will focus on expanding airport infrastructure and supporting related services as passenger and cargo traffic continues to rise steadily across the country. Advertisement
Jeet Adani, Director at Adani Airports, indicated that the group remains strongly committed to the sector and expects India's aviation industry to grow at an annual rate of around 15-16 per cent for the foreseeable future. He pointed to low per-capita air travel in India compared to China, noting that even partial convergence would require a significant expansion of airport capacity across multiple cities.
A key milestone in this strategy is the upcoming commencement of commercial operations at Navi Mumbai International Airport on December 25. The airport is being developed by Navi Mumbai International Airport Ltd, in which Adani Group holds a 74 per cent stake. Built at an initial cost of INR 19,650 crore, the first phase is designed to handle 20 million passengers annually, with scope to scale up capacity to 90 million passengers over time.
The new airport is expected to ease long-standing capacity pressure at Mumbai's Chhatrapati Shivaji Maharaj International Airport, which has faced supply constraints since 2016 and has struggled to meet rising demand. With Navi Mumbai coming online, some relief is anticipated, along with room for future expansion as traffic volumes grow further.
Adani Group currently operates eight airports, including Mumbai and Navi Mumbai, along with facilities at Ahmedabad, Lucknow, Guwahati, Thiruvananthapuram, Jaipur and Mangaluru. The Mumbai airport was acquired from GVK Group in 2021, following the group's success in winning six airports in the 2019 round of privatisation.
The portfolio includes both metro and regional airports, and the group has indicated it will actively participate in the next round of airport privatisation. The Civil Aviation Ministry has already identified 11 airports for development under the public-private partnership model, while the National Monetisation Pipeline envisages leasing 25 Airports Authority of India-operated airports between 2022 and 2025.
Beyond core airport infrastructure, Adani Airport Holdings Ltd is also evaluating investments in aircraft services, including maintenance, repair and overhaul facilities and flight simulation training centres. While specific investment numbers for these verticals are yet to be finalised, the group has signalled its intent to deepen capabilities across both civilian and defence-linked aviation services.
Through AAHL, Adani Group has emerged as India's largest airport infrastructure operator, handling about 23 per cent of passenger traffic and nearly 33 per cent of cargo movement nationwide. Alongside expansion projects, the company is investing in non-aeronautical businesses such as retail, city-side developments and other ancillary services to diversify revenue streams and improve asset utilisation.
Source PTI
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