+
Adani Airports Raises $1 Billion for Mumbai Airport Expansion
AVIATION & AIRPORTS

Adani Airports Raises $1 Billion for Mumbai Airport Expansion

Adani Airports Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises and India’s largest private airport operator, has successfully secured $1 billion financing through a project finance structure for its Mumbai International Airport (MIAL). The transaction involves issuance of $750 million notes maturing July 2029 (“Notes”) which shall be used for refinancing. The financing structure also includes provision to raise an additional $250 million, resulting in total financing of $1 billion. This framework will provide enhanced financial flexibility for the capital expenditure program of MIAL for development, modernization, and capacity enhancement.

This is India’s first investment grade (IG) rated private bond issuance in the airport infrastructure sector. The transaction was led by Apollo-managed funds, with participation from a syndicate of leading institutional investors and insurance companies which included BlackRock-managed funds, Standard Chartered among others, underlining global confidence in India’s Infrastructure opportunity and Adani Airports’ operating platform. Backed by MIAL’s stable asset base and cash flows and operational excellence, the notes are expected to be rated BBB-/stable.

AAHL remains committed to a long-term vision of transforming the airports infrastructure through continued investments in modernisation, capacity expansion, digitization, and technology integration. The transaction will also accelerate MIAL’s sustainability agenda, supporting its goal to achieve net zero emissions by 2029.

This issuance follows AAHL’s $750 million financing from a consortium of global banks. This latest transaction is yet another validation of Adani’s access to diversified global capital markets and its ability to attract high-quality investors to India’s next-generation infrastructure platform.

Arun Bansal, CEO, Adani Airports Holdings, said, “This successful issuance validates the strength of the Adani Airports’ operating platform, the robust fundamentals of Mumbai International Airport, and our commitment to sustainable infrastructure development. With participation from Apollo- managed funds and leading institutional investors, we are proud to deepen our access to global pools of capital. Our ability to secure one of the largest private investment-grade project finance issuances demonstrates our commitment to financial discipline, capital efficiency and long-term value creation.”

The legal advisors to the transaction included A&O Shearman and Cyril Amarchand Mangaldas for MIAL, while Milbank LLP and Khaitan & Co. were investors’ counsels.

Adani Airports Holdings (AAHL), a wholly owned subsidiary of Adani Enterprises and India’s largest private airport operator, has successfully secured $1 billion financing through a project finance structure for its Mumbai International Airport (MIAL). The transaction involves issuance of $750 million notes maturing July 2029 (“Notes”) which shall be used for refinancing. The financing structure also includes provision to raise an additional $250 million, resulting in total financing of $1 billion. This framework will provide enhanced financial flexibility for the capital expenditure program of MIAL for development, modernization, and capacity enhancement.This is India’s first investment grade (IG) rated private bond issuance in the airport infrastructure sector. The transaction was led by Apollo-managed funds, with participation from a syndicate of leading institutional investors and insurance companies which included BlackRock-managed funds, Standard Chartered among others, underlining global confidence in India’s Infrastructure opportunity and Adani Airports’ operating platform. Backed by MIAL’s stable asset base and cash flows and operational excellence, the notes are expected to be rated BBB-/stable.AAHL remains committed to a long-term vision of transforming the airports infrastructure through continued investments in modernisation, capacity expansion, digitization, and technology integration. The transaction will also accelerate MIAL’s sustainability agenda, supporting its goal to achieve net zero emissions by 2029.This issuance follows AAHL’s $750 million financing from a consortium of global banks. This latest transaction is yet another validation of Adani’s access to diversified global capital markets and its ability to attract high-quality investors to India’s next-generation infrastructure platform.Arun Bansal, CEO, Adani Airports Holdings, said, “This successful issuance validates the strength of the Adani Airports’ operating platform, the robust fundamentals of Mumbai International Airport, and our commitment to sustainable infrastructure development. With participation from Apollo- managed funds and leading institutional investors, we are proud to deepen our access to global pools of capital. Our ability to secure one of the largest private investment-grade project finance issuances demonstrates our commitment to financial discipline, capital efficiency and long-term value creation.”The legal advisors to the transaction included A&O Shearman and Cyril Amarchand Mangaldas for MIAL, while Milbank LLP and Khaitan & Co. were investors’ counsels.

Next Story
Infrastructure Urban

Transrail PAT Doubles to Rs 1.06 Billion in Q1 FY26

Transrail Lighting Limited, a leading Indian EPC firm specialising in power transmission and distribution (T&D), reported robust financial performance for the quarter ended 30 June 2025 (Q1 FY26).The company recorded a consolidated operational revenue of Rs 16.6 billion, marking an 81 per cent year-on-year increase. EBITDA rose 66 per cent to Rs 2 billion, while Profit After Tax (PAT) more than doubled to Rs 1.06 billion, representing a 105 per cent growth from Q1 FY25. PAT margin improved to 6.33 per cent, up 46 basis points from the previous year.Key Operational Highlights:Strong executi..

Next Story
Infrastructure Urban

Allied Digital PAT Grows 40 per cent YoY to Rs 140 Million in Q1 FY26

Allied Digital Services Limited (ADSL), a leading global provider of IT services and solutions, reported strong financial performance for the first quarter ended 30 June 2025.For Q1 FY26, consolidated revenue rose by 22 per cent year-on-year to Rs 2.19 billion, while EBITDA increased 16 per cent to Rs 220 million. Profit After Tax (PAT) grew 40 per cent YoY to Rs 140 million, reflecting robust operational execution.Revenue Breakdown:India revenue surged 31 per cent YoY to Rs 800 million, underlining its role as the company’s primary growth driver.Revenue from Rest of World (RoW) grew 18 per ..

Next Story
Infrastructure Energy

Gujarat Gas PAT Rises 14 per cent QoQ to Rs 3.27 Billion

Gujarat Gas Limited has announced its financial and operational performance for the quarter ended 30 June 2025 (Q1 FY26), reporting record CNG volumes and quarter-on-quarter growth in both EBITDA and net profit.Financial Performance – Q1 FY26Revenue from operations stood at Rs 11.07 billion, down from Rs 11.62 billion in Q1 FY25.EBITDA rose to Rs 5.79 billion, compared to Rs 5.74 billion in the same quarter last year and up 11 per cent from Q4 FY25.Profit After Tax (PAT) was Rs 3.27 billion, showing a 14 per cent increase from Rs 2.87 billion in Q4 FY25, though marginally lower than Rs 3.30 ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?