Adani’s Mumbai Airport Wins $750 Mn Apollo Backing

26 Jun 2025 CW Team

Mumbai International Airport Ltd (MIAL), a subsidiary of Adani Airport Holdings, has raised $750 million through four-year unsecured notes placed with affiliates of Apollo-managed funds and other long-term investors. The proceeds will refinance existing borrowings, and the structure allows for a further $250 million tap if required.

Earlier this month Adani Airport Holdings, the aviation arm of Adani Enterprises, secured another $750 million from a syndicate of global banks. According to a June Bloomberg report, the division is due to be spun off and listed by March 2027, giving investors a clear exit horizon.

Adani Airport Holdings operates eight airports nationwide and is overseeing the forthcoming Navi Mumbai International Airport, a strategically situated gateway slated to open soon. The fresh capital and debt optimisation are expected to strengthen the group’s balance sheet as it prepares for the public listing.

Infrastructure Urban

28 Aug 2025

Mumbai Urged to Fast-Track Rs 90 Billion AMRUT Projects

Mumbai’s urban development authorities are under pressure as delays threaten the timely execution of centrally funded projects under AMRUT 2.0, the Atal Mission for Rejuvenation and Urban Transformation. Launched in 2021, the mission has allocated Rs 90 billion to Maharashtra to boost civic infrastructure in areas such as water supply, sanitation, green spaces, and lake rejuvenation. However, slow approvals and sluggish execution across municipalities have raised concerns ahead of the March 2026 completion deadline.During a recent high-level review, senior state officials emphasised that the..

NBCC Wins Rs 37 Billion Mixed-Use Project in Rajasthan

State-owned NBCC Ltd has been awarded the role of lead agency for a major mixed-use development project in Rajasthan, with an estimated investment of Rs 37 billion. The 95-acre site, situated along B2 Bypass on Tonk Road, is owned by the Rajasthan State Industrial Development & Investment Corporation (RIICO).According to a regulatory filing on Monday, NBCC will be responsible for designing, building, and marketing key infrastructure including the Rajasthan Mandapam Convention Centre, a Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and various commercial and residential spa..

Puraniks Mirai Brings 'Kyoto Life' Living to Thane

The concept of ‘Kyoto life’, reflecting the serene, culturally rich lifestyle of Kyoto in Japan, is now being brought to Thane’s Ghodbunder Road through Puraniks Mirai, a new residential development by Puranik Group. Known for its historical charm and natural beauty, Kyoto’s tranquil ethos has inspired this real estate project to embrace Japanese philosophies of mindful, harmonious living.Describing the project as a unique residential concept grounded in Japanese tradition, the Puranik Group aims to offer an alternative to conventional real estate models. “It represents a cultural re..