Adani Airports raises US $ 750 million, know what the company will do with the money
The country’s largest private airport operator Adani Airports Holdings Limited (AAHL) has raised US $ 750 million through external commercial borrowing (ECB) from a consortium of international banks. According to PTI news, AAHL, a subsidiary of Adani Enterprises Limited, has raised this amount from First Abu Dhabi Bank, Barclays PLC and Standard Chartered Bank. The company will use this amount to refinance existing debt, invest in infrastructure upgrades and expand capacity at six airports namely Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram.
What is the company’s planning regarding the amount raised
According to the news, with the help of this amount, the company will expand non-aeronautical businesses including retail, F&B, duty free and services in the airport network. AAHL served 94 million passengers with a total capacity of 110 million passengers in FY 2024-25. As part of this roadmap, Navi Mumbai International Airport is expected to be operational shortly, adding 20 million passengers in the first phase, and the capacity will be expanded to 90 million annually in a phased manner, giving a significant boost to the aviation infrastructure of the Mumbai region.
The company will provide the best customer experience
Arun Bansal, CEO, Adani Airports Holdings Limited, said that the trust reposed in us by leading global financial institutions underlines the long-term value and potential of India’s aviation infrastructure. The company is well on its path to providing the best customer experience, leveraging technology for seamless operations and prioritizing sustainability and community engagement across its airport network.
As we continue our journey, AAHL is committed to becoming the Gateway to Goodness, providing customer-centric solutions and building world-class airport infrastructure that sets global standards in service and sustainability, Bansal said. Latham & Watkins LLP and Linklaters LLP acted as English law advisors for the transaction, Cyril Amarchand Mangaldas and TT&A acted as Indian law advisors for the transaction.
