Source: Mint
Adani Airports Holdings Ltd (AAHL), a subsidiary of Adani Enterprises and India’s largest private airport operator, has raised $750 million in financing from a consortium of top international banks. The funds have been raised via external commercial borrowings with First Abu Dhabi Bank, Barclays, and Standard Chartered Bank taking the lead.
As per the company’s, the funds raised will be used mainly for three purposes, namely, to pay down existing loans, to upgrade and expand airports infrastructure, and to grow non-aeronautical businesses. The airports where the funding will be used include Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram. The airports are managed under long-term public-private partnership agreement and are among the busiest in the country.
Besides increasing the number of airport facilities and their capacity, the company also seeks to facilitate their non-aeronautical revenue. This is defined as the expenditure for shopping, food and beverage, duty-free stores, and other passenger services within the airport. It is expected these enhancements will improve the customer experiences and will enhance customer footfall for Adani-run airports.
“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, CEO of AAHL.
This announcement comes right after Adani is gearing up to enter airport ground handling purchase services after the Turkish company Celebi Airport Services Limited exited the country after being banned from operating after they lost their BCAS security clearance Reports suggest the revocation may be linked to geopolitical tensions, including Turkey’s support for Pakistan during a recent dispute
Celebi handled ground handling services at a number of top airports and cities in India, including Delhi, Mumbai, Bengaluru, Hyderabad, Cochin, and Goa. According to Indian aviation rules, there must be a minimum of three ground handling companies for Airports in India that handle greater than 1 million passengers per year, and a minimum of two for airports that handle less than 1 million passengers per year. Adani Airports intends to set up a new firm to provide services to fill this gap and plans to actively bid on the contracts to do so.
Financially, the news had a favorable impact on Adani Enterprises‘ stock price. The shares were trading at 0.34% higher at ₹2,480.00 on the BSE Sensex at 11:24 AM on June 4, 2025. With the new funding and plans to grow into new areas of the aviation business, Adani is consolidating its presence in India’s rapidly growing airport space.
