Adani Enterprises Expands Airport City Strategy
Adani Enterprises Ltd (AEL) has taken a significant step in its airport city expansion strategy by incorporating three wholly-owned subsidiaries focused on hotel and real estate development.
- Adani Navi Mumbai Airport City Ltd
- Adani Guwahati Airport City Ltd
- Adani Ahmedabad Airport City Ltd
The new entities will be involved in real estate activities, including construction, as well as hotels featuring integrated restaurants, banquets, and business centres.
The primary objective of these subsidiaries is to engage in real estate activities with own or leased property, construction of buildings carried out on own-account basis or on a fee or contract basis, hotels with integrated restaurants, banquets, and business centres.
Each subsidiary has been incorporated with a paid-up capital of Rs 10 lakh, with shares subscribed in cash at face value, and is fully owned by Adani Airport City Ltd.
About Adani Airport Holdings Limited
Adani Airport Holdings Limited was incorporated in 2019 as a 100 per cent subsidiary of AEL and is the largest airport infrastructure company in the country.
- Manages airports at Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram.
- Holds 73 per cent in Mumbai International Airport Ltd.
- Holds 74 per cent in Navi Mumbai International Airport Ltd.
Expansion Plans
The conglomerate has outlined a USD 15 billion expansion plan of its Indian airport portfolio by 2030, aiming to boost capacity to 200 million annual passengers.
The plan focuses on the expansion of existing, high-traffic airports, including Ahmedabad, Jaipur, Thiruvananthapuram, Lucknow, and Guwahati.
The group's overall airport capacity is being targeted to be raised by over 60 per cent, positioning to manage rising air travel demand, which is projected to surpass 300 million passengers in India by 2030.
Key Statistics:
- Airport capacity to increase by over 60 per cent.
- Projected air travel demand to surpass 300 million passengers in India by 2030.
- USD 15 billion expansion plan of its Indian airport portfolio by 2030.