Adani Airports Holdings Aahl has also received Funding of 1 billion dollars from global investors for Mumbai airport upgradation

Mumbai International Airport: Adani Enterprises subsidiary company and India’s largest private airport operator Adani Airport Holdings (AAHL) has raised an amount of Rs 8,400 crore ($ 1 billion) for Mumbai International Airport (MIL). This transaction is India’s first investment grade rated private bond issue in the Airport Airport Infrastructure sector, which was supported by big global investors like Apollo and Blackrock.

The money will be used in these works

The fund was collected through a project finance structure, with bonds worth $ 750 million (6461 crore) in July 2029. Apart from this, there is also an option to raise $ 250 million (2153 crore). The purpose of this financeing framework is to develop the Mial’s development, modernization and its capacity. In the company’s agenda, Mumbai Airport is also to make net zero carbon emissions by 2029.

This transaction attracted many big investors. It was led by apollo-related funds and also participated in Blackrock-related funds, standard chartered and other major investors and insurance companies. This clearly shows how much global investors are confident of India’s infrastructure and operational capacity of Adani Airports.

Aahl’s stake in new airport

Let us know that an airport is also being built here in Navi Mumbai, in which AAHL has 74 percent and CIDCO has 26 percent stake. The foundation stone of Navi Mumbai International Airport was laid by Prime Minister Narendra Modi in 2018. It is being built at an estimated cost of Rs 16,700 crore.

Navi Mumbai International Airport will have two runways and four terminals. Once it is fully built, it will serve around 9 crore passengers annually. With this help, in the coming time, the increasing pressure at Chhatrapati Shivaji Maharaj International Airport in Mumbai will be reduced to a great extent.

The plan of the government of Maharashtra is also to build a third airport, which was mentioned by the Deputy Chief Minister of the state and Finance Minister Ajit Pawar in the budget of FY 2026. He had told that this new airport will be built near the Wadhavan Port, where the station of Mumbai-Ahmedabad bullet train is also to be constructed.

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