Adani group set to centre airport business around Mumbai & Ahmedabad

In conversation with foreign institutional investors, the company has also expressed its intent to bid for six airports in the upcoming round of privatisation.

Adani Airports is planning to centre its airport business around Mumbai and Ahme­dabad by developing them as gateway airports, feeding them with traffic from other airports in the company’s portfolio.

The Ahmedabad-based conglomerate — with investments in logistics, transportation, utilities and energy — intends to spend Rs 35,000 crore in the airport business in the next five years. This forms the bulk of the conglomerate’s total capex of Rs 50,000 crore.

According to a presentation given by the company in an investor call with Bank of America, gateway airports of Mumbai and Ahmedabad will be connected with the feeder airports of Lucknow,