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Adani Group Investment: Adani Group has planned to invest more than Rs 1 lakh crore in the next 5 years. This money will be invested in the group’s new business airport management and infra. The company is preparing to acquire the operation of 11 more airports in the country.
New Delhi. The country’s veteran industrialist Gautam Adani plans to invest Rs 1 lakh crore in the next 5 years. There is a preparation to invest all this money in one sector. Adani Group is planning to invest 11 billion dollars (about Rs 1 lakh crore) to expand its airport business. Jeet Adani, Director of Adani Airport Holdings Limited, has said that this money will be invested in businesses like bidding for airport terminal, upgrading infra in the existing airport and starting aircraft maintenance work in India itself. Adani Group already has the responsibility of operating 7 airports.
Jeet Adani told that currently the airport unit is being run with Adani Enterprises, which will be separated with the IPO. He told that preparations are on to launch the IPO of airport business in the market by March 2028. But, the company will be demerged before this, so that investors and shareholders can get better value for it. The company is also considering involving a strategic investor before its listing.
Adani Group eyes 11 airports
Adani Group’s airport business currently includes 7 major airports in the country, which include names like Mumbai, Lucknow, Ahmedabad, Jaipur. Now Adani Group is eyeing to acquire operation of 11 more airports. The group is preparing to acquire the privatization of these airports through bidding. These 11 terminals include the names of cities like Varanasi, Bhubaneswar, Amritsar. The government is currently merging loss-making airports with profitable airports and giving them to private companies, so that they can take over the responsibility of operations.
Navi Mumbai Airport made a role model
Adani Group has already presented a picture of turnaround of the airport business. The airport built in Navi Mumbai presents a wonderful glimpse of the infra of this company. For this airport, the company first invested Rs 20 thousand crores and in the second phase, there is a plan to develop monorail and aerocity with 20 hotels with an investment of Rs 30 thousand crores. This airport has the capacity to serve 2 crore passengers annually. At this airport, passengers will get many food options along with upgraded luggage facility. Adani Group has 74 percent stake in Navi Mumbai Airport.
How much business does Adani Group currently have?
Adani Group operates India’s largest airport through its airport unit named Adani Airport Holdings Limited. The company has 23 percent share in passenger traffic and 33 percent share in freight traffic in the country. If the government privatizes 11 airports and their operation comes into the hands of Adani, then it will be a big success for the company, because after the Hindenburg incident, the business confidence of the company had weakened a bit, which continuous steps are being taken to regain.
