New Delhi: Adani Group has outlined a five-year airport expansion plan valued at about $15 billion, aimed at increasing capacity across its network as India readies the next phase of airport privatization. People familiar with the matter said the strategy targets a combined annual handling capability of around 200 million passengers, reflecting the expected rise in domestic and international air travel.
The Navi Mumbai International Airport, scheduled to open on December 25, is the core component of the plan. The group intends to add terminals, build new taxiways and develop a second runway in subsequent phases. Capacity enhancements are also planned at airports in Ahmedabad, Jaipur, Thiruvananthapuram, Lucknow and Guwahati. Most of these details remain unofficial, as the figures have not yet been publicly disclosed.
Nearly 70% of the investment is expected to be financed through long-term debt, with the remainder coming from equity contributions. The expansion aligns with projections that India’s aviation market could surpass 300 million annual passengers by 2030. The additional capacity positions Adani’s airport business ahead of a potential public listing.
The upgrades come as the government prepares to privatize 11 more airports, bundling smaller assets with stronger ones. Private operators, including Adani and GMR, are expected to compete closely as India targets a long-term expansion of its airport network to about 400 by 2047.