Adani Airports raises $250 million for capex, option for another $200 million – Times of India

NEW DELHI: Getting ready to embark on a serious infra improve, Adani Airport Holdings Ltd (AAHL) has raised $250 million funding from a consortium of Commonplace Chartered and Barclays Financial institution with an possibility to lift one other $200 million.
The wholly owned subsidiary of Adani Enterprises describes this because the “first milestone in its capital administration plan”. Final week Mumbai Worldwide Airport Ltd (MIAL) had raised $750 million from Apollo, and achieved $1.7 billion monetary closure for the upcoming Navi Mumbai Airport from the home banking system.
All collectively, AAHL has tapped three completely different swimming pools of capital cumulating to $2.7 billion. It’s now “geared for the subsequent part of its capital administration plan which incorporates tapping the general public capital markets and additional development amenities to allow entry to long run capital sources for infrastructure growth.”
An AAHL spokesperson mentioned: “We’re focussed on delivering top quality infrastructure entry to our customers each via bodily and digital channels. The primary part of our capital administration plan is now set in movement with the funding of AAHL, MIAL and NMIAL, and we’ll now give attention to scaling up the airports enterprise into one of many largest airport platforms globally. We’re grateful to our stakeholders and customers for his or her continued assist and their confidence in us.”
AAHL is an built-in airport community consisting of eight airports situated round metropolis centres that account for about 23% of the entire Indian air site visitors and 30% of India’s air cargo. AAHL airports deal with about 20 crore customers, together with passengers and non-passengers, yearly. It manages airports at Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram, and is developing Nav Mumbai Airport.

Leave a Comment