Adani Airports aims IPO by 2027, plans to triple capacity to 300 million passengers annually in next 15 years

AAHL, India's largest airport infrastructure company, is a 100% subsidiary of Adani Enterprises. It has eight airports in its management and development portfolio and accounts for 23% of passenger footfalls and more than 29% of the country's air cargo traffic.

The group's airport unit served 94 million passengers in the financial year 2024-25 with an overall capacity of 110 million passengers. AAHL intends to triple capacity to 300 million passengers per year by 2040. As part of the plan, the Navi Mumbai International Airport (NMIA) is expected to be operational shortly.

Last week, Adani Airports Holdings raised $750 million through external commercial borrowings (ECB) from a consortium of international banks. The transaction was led by Barclays PLC, First Abu Dhabi Bank, and Standard Chartered Bank, according to an exchange filing.

The funds will be utilised for refinancing existing debt and investing in infrastructure upgradation and capacity expansion across the six airports, viz., Lucknow, Ahmedabad, Jaipur, Thiruvananthapuram and Guwahati. The proceeds will also be used to scale the non-aeronautical businesses, including retail, duty-free, F&B, and services across the airport network.

"The trust placed in us by leading global financial institutions underscores the longterm value and potential of India’s aviation infrastructure. AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritising sustainability and community engagement across its airport network," said AAHL CEO Arun Bansal.

"As we continue our journey, AAHL remains committed to being the Gateway to Goodness, delivering customer-centric solutions and building world-class airport infrastructure that sets global benchmarks in service and sustainability," he added.