The logo of the Adani Group
Credit: Reuters File Photo
Adani Group's flagship Adani Enterprises said on Wednesday that its airports unit secured $750 million in financing from a consortium of international banks, including First Abu Dhabi Bank, Barclays and Standard Chartered.
Part of the funds will be used by Adani Airports Holdings Ltd to refinance debt of $400 million, while the rest will be invested in upgrading and expanding capacity at six airports, the company said.
Adani Airports Holdings operates eight airports across India, including the Navi Mumbai International Airport, located in the outskirts of India's financial hub, which the company expects will be operational soon.
The operator served 94 million passengers in fiscal year 2024-2025 and aims to triple overall capacity to 300 million passengers per annum by 2040.