Submission of Media Release
Awaiting price reaction for this filing.
Adani Enterprises' subsidiary Adani Airports Holdings Ltd (AAHL) has raised USD 750 million (~₹6,400 crore) through External Commercial Borrowings from a consortium led by First Abu Dhabi Bank, Barclays, and Standard Chartered Bank. Of this, around USD 400 million will be used to refinance existing debt, while the remaining amount will fund capacity expansion, infrastructure upgrades at its six airports (Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram), and growth of non-aero businesses like retail, F&B, and duty-free. AAHL currently serves 94 million passengers annually against a capacity of 110 million, and targets 300 million passengers per year by 2040. The Navi Mumbai International Airport, expected to start operations shortly, will add 20 million passengers in its first phase, scaling up to 90 million.
This large global financing strengthens AAHL's balance sheet, lowers borrowing costs, and supports its long-term growth plans — a positive signal for Adani Enterprises' airport business value, though airports remain a smaller revenue contributor and immediate stock reaction may be muted.