The Adani Group is preparing to bid for nearly a dozen airports proposed for privatisation as part of its INR 1 lakh crore aviation infrastructure investment plan over the next five years. The government earlier announced plans to lease out 11 airports, including key locations such as Amritsar and Varanasi.
Jeet Adani, Director at Adani Group, said a portion of the planned investment has been earmarked for the upcoming round of airport bidding. The capital outlay, to be funded through a mix of debt and equity, will also support new terminal construction, upgrades to aircraft-handling infrastructure, and enhanced passenger amenities across the group’s airport network.
The conglomerate entered the airport sector in 2019 after winning six airports in the government’s privatisation drive, followed by the acquisition of Mumbai International Airport from the GVK Group in 2021. Adani is set to operationalise the Navi Mumbai International Airport shortly, marking its first greenfield airport project.
The group is also preparing its airport business for a potential listing by 2030 through a demerger. Currently housed under Adani Enterprises, the airport vertical is EBITDA-positive and reported an operating profit of INR 3,480 crore in FY25. Jeet Adani said the business is expected to turn cash-positive once capital expenditure moderates and revenue streams expand from the Navi Mumbai airport and associated city-side developments, including retail, food and beverage, and hospitality.
For now, Adani Group’s airport expansion strategy remains focused on India, with no immediate plans for overseas assets.
