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Adani Group achieves financial closure of Navi Mumbai airport project

Milestone achieved by raising Rs 12,770-crore loan from SBI

Adani group, adani enterprises
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Aneesh Phadnis Mumbai
The Adani Group has concluded financing for the first phase of Navi Mumbai international airport project by raising Rs 12,770-crore loan from the State Bank of India.

The Group announced the execution of financing documents on Tuesday. SBI has underwritten the entire debt requirement of Rs 12,770 crore for the airport project, the Group said in a press release.

The Adani Group took over the Navi Mumbai airport project following its acquisition of Mumbai International Airport Limited last July. At that time the Group had said it would achieve financial closure for the Navi Mumbai airport in three months. It

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First Published: Mar 29 2022 | 8:54 PM IST

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