The Adani Group has plans to increase seven airports within the nation over the following 5 5-10 years with a capital expenditure of Rs 60,000 crore. The capability of the airports managed by Adani Ports will enhance as much as 3 times by 2040, stated the corporate’s Managing Director Karan Adani on Sunday.
Out of this, Rs 30,000 crore will likely be spent on the ‘airside’ and the remainder will likely be spent on the ‘cityside’ on the airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati, Jaipur, and Thiruvananthapuram, stated Adani Airports Holdings (AAHL) CEO Arun Bansal.
The ‘airside’ is the portion of the airport that features arrival and departure areas, runway, management towers, and hangars. ‘Cityside’ refers back to the space across the airport the place business amenities are positioned.
Mr Adani additionally clarified that the Rs 18,000 crore allotted for the Section-I growth on the Navi Mumbai airport isn’t a part of the 60,000 crore growth plan.
A brand new terminal was inaugurated on the Lucknow Airport yesterday. Talking on the sidelines of the occasion, Mr Adani stated the airports managed by Adani Group has a capability of 10-11 crore passengers yearly, which will likely be elevated as much as 3 times.
“Overall, we are looking at a combined capacity of 25-30 crore annual passenger capacity by 2040,” he added.
The Group doesn’t have any agency plan to get its airport subsidiary listed and the investments will likely be funded by inner accruals of the Adani Enterprises Ltd, the guardian firm, he added.
(Disclaimer: New Delhi Tv is a subsidiary of AMG Media Networks Restricted, an Adani Group Firm.)
