The Adani Group is preparing a large scale expansion of its airport network with an investment plan of fifteen billion dollars over the next five years. According to people familiar with the development, the goal is to increase annual passenger handling capacity to two hundred million as India’s aviation market continues to grow.
The plan includes new terminals, additional taxiways and a new runway at the upcoming Navi Mumbai airport, which is scheduled to open on December 25. Capacity upgrades are also planned at airports in Ahmedabad, Jaipur, Thiruvananthapuram, Lucknow and Guwahati. Around seventy percent of the required funding is expected to come from debt raised over the next five years, while the remaining amount will come through equity.
India’s air travel demand is projected to more than double to three hundred million passengers annually by 2030. By expanding capacity to nearly two thirds of that number, the Adani Group is positioning itself as a major contributor to this growth. The planned increase of more than sixty percent in passenger capacity does not include the twenty million capacity of the Navi Mumbai airport or the eleven million at the newly developed Guwahati facility.
The expansion focuses on six airports leased in 2020 during India’s second round of airport privatization. These were previously operated by a government authority. India first began airport privatization in 2006 when private players took over major airports in Delhi and Mumbai. Adani later acquired one of those stakes. The government now plans to privatize eleven more airports, bundling profitable and loss making facilities together to attract bidders. The country is also developing a second airport near Delhi to manage rising traffic and aims to build four hundred airports nationwide by 2047, up from the current one hundred sixty.
Adani Airport Holdings, the largest operator by number of airports, and another major airport operator known for high passenger volumes are expected to lead future bids.
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