Adani Airports Secures $750 Million from Foreign Banks to Expand Airport Operations

Adani Enterprises has announced that its airport arm, Adani Airports Holdings Ltd (AAHL), has received $750 million in funding from a group of international banks through External Commercial Borrowings (ECB). The deal was led by Standard Chartered Bank, Barclays PLC, and First Abu Dhabi Bank.

The company said the money will be used to increase capacity at six of its airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. A part of the funds will also go toward paying off existing loans. In addition to improving airport facilities, the funds will help expand non-aeronautical businesses such as duty-free shopping, retail stores, food and beverage outlets, and passenger services at these airports.

AAHL, which currently has a total capacity to handle 110 million passengers, served 94 million passengers in the financial year 2024–25. The company plans to gradually increase this number to 300 million passengers per year by 2040.

As part of this long-term plan, the Navi Mumbai International Airport is expected to open soon. In its first phase, it will handle 20 million passengers a year, with a final goal of 90 million. This will significantly improve air travel facilities in the Mumbai region.

AAHL CEO Arun Bansal stated that the company is focused on providing passengers with a great experience. He also highlighted the use of advanced technology, sustainability, and local community support as key goals for the future. The company also noted that Cyril Amarchand Mangaldass and TT&A were the Indian legal advisors for the deal, while Latham and Watkins LLP and Linklaters LLP served as English legal counsel.