The Adani Group is set to invest nearly Rs 960 billion in its airports business over the next five years, with a significant focus on infrastructure and real estate development. The bulk of this investment will be directed towards the Navi Mumbai and Mumbai airports.

Jeet Adani, who heads the group’s airport vertical, ruled out any global expansion for the time being, citing ample growth opportunities within India.

Adani Airports currently operates seven airports, including Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA). The Navi Mumbai International Airport (NMIA) is slated for commissioning by October 2025, with a projected capacity of 20 million passengers annually and an initial investment of Rs 190 billion.

Plans are also underway for a second terminal at NMIA, with two potential options: a 3-CPA terminal requiring Rs 300 billion or a 5-CPA terminal with an investment between Rs 400 billion and Rs 450 billion. The long-term target is to accommodate 90 million passengers per year at NMIA, with an overall investment reaching Rs 1 trillion.

Mumbai is expected to gain a new Terminal 1 by 2032, backed by a Rs 50 billion investment. Beyond Mumbai, new terminals are being planned for Ahmedabad, Jaipur, and Thiruvananthapuram. Expansion works are ongoing in Lucknow, and a new terminal in Guwahati is anticipated to be commissioned by late 2025.