Adani Group concludes financing for Navi Mumbai airport project
AVIATION & AIRPORTS

Adani Group concludes financing for Navi Mumbai airport project

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 ...

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 GroupTel: 079-26565555Website: www.adani.com

Next Story
Infrastructure Urban

Mineral Auction Rules Amended To Speed Mine Operationalisation

The Ministry of Mines notified the Mineral (Auction) Second Amendment Rules, 2026 on 30 March 2026 to accelerate operationalisation of mines and improve ease of doing business in the mining sector. The amendment follows a prior change to the Mineral (Auction) Rules, 2015 effected on 17 October 2025 that introduced intermediary timelines between issuance of a letter of intent (LoI) and execution of the mining lease. The 2025 change provided that one per cent of performance security would be appropriated for each month of delay by the preferred bidder and introduced incentives for early operatio..

Next Story
Infrastructure Transport

Indian Railways Strengthens Telecom And AI Safety Systems

Indian Railways strengthened its telecom and digital infrastructure during 2025-26 with the aim of improving safety, operational efficiency and the passenger experience. The programme promoted modernisation through advanced technologies, robust communication systems and passenger-centric solutions. These measures were presented as part of a drive to build a digitally integrated rail ecosystem. A key development was the enhancement of the Internet Protocol Multi-Protocol Label Switching (IP MPLS) backbone, commissioned at 1,396 stations to meet bandwidth needs of mission-critical applications. ..

Next Story
Infrastructure Transport

NHAI Holds Workshop on Litigation Management and Coordination

The National Highways Authority of India (NHAI) organised a day-long workshop in New Delhi to strengthen capacity and interdepartmental synergy for faster execution of national highway projects. The event was held under Mission Karmayogi – Sadhana Saptah, an initiative of the Government of India to enhance governance through capacity building and improved processes. The workshop focused on structured and solution oriented deliberations to address implementation constraints. The session was chaired by the NHAI chairman Santosh Kumar Yadav and brought together senior officials from NHAI, the M..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement