Adani Group's Bold Expansion in Indian Aviation

Adani Group plans a major investment of Rs 1 lakh crore in the airport sector over five years, focusing on growth in India's aviation industry. The completion of Navi Mumbai International Airport is a significant milestone, projected to handle millions of passengers and support future air traffic demands.

In a substantial move, the Adani Group has announced plans to invest Rs 1 lakh crore in its airport business over the next five years, aiming to capitalize on the forecasted 15-16% annual growth in India's aviation sector. This investment is set to bolster the group's stature in the aviation infrastructure sphere, according to Jeet Adani, Director of Adani Airports.

The Navi Mumbai International Airport marks a pivotal expansion for the group as it prepares for commercial operations starting December 25. Developed by Navi Mumbai International Airport Ltd, where Adani holds a 74% stake, the facility is initially built at Rs 19,650 crore. It will help relieve traffic at Mumbai's current airport and is poised to ramp up from 20 million to 90 million passengers.

Adani Group's airport stakes now include critical hubs and regional airports, such as Mumbai, Ahmedabad, and Lucknow, with further aggressive bidding anticipated in upcoming privatisations. As it continues to transform and invest in sectors like MRO and FSTC, Adani reaffirms its commitment to scaling India's aviation capacity and tapping into underexplored market potential seen in comparisons with countries like China.