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The Gautam Adani-led business house entered the airport sector in 2019.
Rs 30k-cr Capex Plan for Airports
Incubated within Adani Enterprises, Adani Airports won the mandate to modernise and operate six airports – Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram – through the Airports Authority of India’s tendering process. The unit has become the country’s top airport platform, catering to at least 10% of India’s air passenger traffic, exceeding 200 million people in FY20.
In August last year, the group announced that it had acquired a 74% stake in Mumbai International Airport (MIAL), which runs Chhatrapati Shivaji Maharaj International Airport. This gave Adani ownership of the upcoming Navi Mumbai Airport, in which MIAL holds 74%. Adani Airports has debt of Rs 4,100 crore while that of AEL amounts to Rs 15,293 crore.
The Adani Group currently has six companies listed on the Indian stock exchanges. If listed, the Adani Group will have seven infrastructure companies and one
The Adani Group currently has six companies listed on the Indian stock exchanges. If listed, the Adani Group will have seven infrastructure companies and one consumer business with public shareholding. The addition of two more companies on the stock exchanges could help Gautam Adani beat Mukesh Ambani as the richest Indian. The Adani Group is now reportedly planning to list two more of its bus.