Adani Group Soars High with Rs 1 Lakh Crore Airport Expansion

Adani Group plans a substantial investment of Rs 1 lakh crore in its airports business over the next five years, aiming to tap into India's burgeoning aviation sector. This move includes commencing operations at Navi Mumbai International Airport and aggressively bidding for forthcoming airport privatisations.

Adani Group, led by Director Jeet Adani, has announced a massive Rs 1 lakh crore investment in expanding its airport portfolio over the next five years. This expansion is set against the backdrop of India's aviation sector, which is growing at an impressive 15-16% annually.

With Navi Mumbai International Airport scheduled to start operations on December 25, Adani Group aims to address capacity constraints at Mumbai's existing airport. The company also intends to bid actively in the next round of airport privatizations to further cement its position as India's largest airport operator.

The group's strategies include scaling ancillary services and diversifying revenue streams by enhancing both airport infrastructure and aircraft services, marking a significant milestone in Indian aviation.

(With inputs from agencies.)