Adani Group has concluded financing for the Phase-I of the Navi Mumbai international airport project by fundraising a Rs 127.7 bn loan from the State Bank of India (SBI). It had also announced the execution of financing documents. SBI has funded the entire debt requirement of Rs 127.7 bn for the airport project. The company had said it would achieve financial closure for the Navi Mumbai airport in three months. It has planned to commission the airport in 2024. The company aims to converge India’s biggest cities with other surrounding cities and towns in a hub and spoke model. The airports will play a role in the future, and the company aims to develop an economic ecosystem that has airports and airport users at its core.
Contact: Adani Group
Tel: 079-26565555
Website: www.adani.com
