Adani Airports raises $750 mn to refinance debt and expand six airports

Adani Airports Holdings Ltd (AAHL), part of Adani Enterprises Ltd, has obtained $750 million in external commercial loans from a group of global lenders.

The capital will refinance $400 million of current debt, with the balance designated for capital investment at six airports and Adani Enterprises’ non-aeronautical sectors, the company stated in a stock exchange announcement on Wednesday. The fundraising round was spearheaded by First Abu Dhabi Bank, Barclays, and Standard Chartered Bank.

“The trust placed in us by leading global financial institutions underscores the long-term value and potential of India’s aviation infrastructure. AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritising sustainability and community engagement across its airport network,” said Arun Bansal, Chief Executive Officer of AAHL.

The six airports under consideration are situated in Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. AAHL intends to utilize the funds for infrastructure enhancements and to increase capacity at these sites. Further funding will be directed towards enhancing its retail, food and beverage, duty-free, and various other non-aeronautical operations.

Adani Airports managed 94 million travelers, having a total capacity of 110 million, in the financial year that concluded on 31 March 2025. The company plans to increase its capacity to 300 million passengers per year by 2040 through gradual expansion.

In line with this growth, the Navi Mumbai International Airport is anticipated to commence operations soon, initially accommodating 20 million passengers and aiming for a long-term capacity of 90 million.