Adani Group to Invest Rs 300 Bn in Navi Mumbai Airport Expansion

08 Oct 2025 CW Team

The Adani Group plans to invest an additional Rs 300 billion to expand the Navi Mumbai International Airport, ahead of its inauguration by Prime Minister Narendra Modi this week. The airport is set to begin operations in December 2025.

The group has already invested around Rs 200 billion in developing the greenfield airport and has started design work for the second terminal, which is expected to be commissioned by 2029. Funding for this expansion will come through a mix of debt and equity, while the Maharashtra government holds a 26 per cent stake in the project.

Once fully operational, the airport will have a total capacity of 90 million passengers per annum (mppa), making it India’s largest airport by capacity. The first phase, with a single runway, will handle 20 mppa for both domestic and international flights. Airlines such as Akasa Air, IndiGo, and Air India are already confirmed for operations, supporting 20–23 aircraft movements per hour initially.

Connectivity enhancements include the newly opened Atal Setu, reducing travel time from South Mumbai to about 20 minutes, along with planned Metro extensions and a proposed Mumbai–Hyderabad high-speed rail corridor passing near the airport.

The second phase will add 30 million passenger capacity, a major cargo terminal, and India’s largest maintenance, repair, and overhaul (MRO) facility with five large hangars. The cargo terminal will handle 3.8 million tonnes per annum, positioning Navi Mumbai as one of the country’s largest cargo hubs.

News source: Business Standard

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..