Adani Group on course to complete Phase 1 of Navi Mumbai airport

24 Jan 2023 CW Team

Adani Enterprises is on course to complete the first phase development of Navi Mumbai International Airport by December 2024, which will enable it to address the capacity constraints at Chhatrapati Shivaji Maharaj International Airport located at Mumbai.

Arun Bansal, CEO, Adani Airport Holdings, outlined at the ASSOCHAM’s 14th International Civil Aviation Conference that once the airport development under Phase I is completed, the greenfield airport will be able to handle 20 million passengers per annum.

“The increase in passenger traffic is expected to be incremental, we do not expect to be handling 20 million passengers straightway,” said Bansal. Adani Enterprises manages its airport operations through Adani Airport Holdings, which has a mandate to operate six airports – Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram – as well as Mumbai and greenfield Navi Mumbai International airports.

In March 2022, Adani Enterprises achieved financial closure for the development of Navi Mumbai Airport, with State Bank of India underwriting the entire debt requirement of Rs 127.70 billion for the project.

“With just one runway (main) available at Mumbai International Airport, the scope of expansion at the airport remains limited. The target for Navi Mumbai International Airport is December 2024 and we are on course to achieve it,” he said.

Navi Mumbai International Airport project is proposed to be developed in multiple phases having a total capacity of 60 million passengers per annum. In the initial phase, capacity of 20 million passengers per annum and 800,000 tonne per annum of cargo handling capacity is being planned.

Also Read
Now universal enterprise IDs for small firms
Glimpses of Central Vista Project

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..