Adani Airports secures $750m financing from global banks

Indian Adani Enterprises announced 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.

Adani Airports Holdings Ltd plans to use a portion of the funds to refinance $400 million in debt, with the remainder allocated for enhancing and expanding capacity at six airports, according to the company.

Adani Airports Holdings manages eight airports in India, including the Navi Mumbai International Airport on the outskirts of the country’s financial center, which the company anticipates will be operational in the near future.

The operator accommodated 94 million passengers in fiscal year 2024-2025 and plans to increase overall capacity to 300 million passengers per year by 2040.

Attribution: Reuters
Subediting: M. S. Salama