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 Transport

08 Oct 2025

Kilambakkam Station, Skywalk Opening Delayed To January 2026

The long-awaited Kilambakkam railway station and pedestrian skywalk connecting it to the Kilambakkam Kalaignar Centenary Bus Terminus (KCBT) will now open only by January 2026, after multiple construction delays by both the Chennai Metropolitan Development Authority (CMDA) and Southern Railway. The postponement has left thousands of commuters struggling with poor connectivity during the ongoing festive season.Located nearly 25 kilometres from Chennai, KCBT serves as a major hub for mofussil and SETC buses heading to districts across Tamil Nadu. In the absence of train connectivity, commuters a..

Railways Clears Rs 1.12 Billion Six-Lane Bridge Near Amaravati

The Ministry of Railways has approved the construction of a six-lane road over bridge (ROB) at the E13 extension road between Mangalagiri and Krishna Canal stations in Andhra Pradesh, at an estimated cost of Rs 1.12 billion. The project, fully funded by the Railways, aims to improve regional connectivity and ease traffic flow towards the Amaravati Capital Region.The proposed bridge will provide a crucial link between National Highway-16 (NH-16) and Amaravati, crossing the busy Chennai–Howrah railway line near Vijayawada. Initially planned as a four-lane structure, the design has been upgrade..

Bombay HC Questions Cuffe Parade Redevelopment On Prime Govt Land

The Bombay High Court (HC) has raised serious concerns over the redevelopment of 33 acres of prime government land in Cuffe Parade, South Mumbai, under the Slum Rehabilitation Authority (SRA) scheme, calling it a potential misuse of public property under the guise of slum rehabilitation.In a strongly worded order issued on 1 October 2025, a division bench of Justices G.S. Kulkarni and Aarti Sathe observed that transferring such valuable land for private development amounted to “removing it from the public pool” and “throwing it open for commercial exploitation” in a city already depriv..