+
Adani’s Mumbai Airport Wins $750 Mn Apollo Backing
AVIATION & AIRPORTS

Adani’s Mumbai Airport Wins $750 Mn Apollo Backing

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.

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.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?