Navi Mumbai Airport Phase 3 to Cost Rs 300 Billion

12 Aug 2025 CW Team

In its initial phase, the greenfield facility will be equipped to handle 20 million passengers per annum (MPPA). A cargo terminal, expected to become operational in 2026, is also part of this stage. On completion of the third phase, NMIA will have capacity for 50 MPPA.

AAHL Chief Financial Officer (Airport Business) Arun Bansal said enabling works for Phase 3 have already been carried out alongside the earlier phases. The upcoming stage will include Terminal 2, a second runway, automated people movers, and metro connectivity. Construction is set to begin within six to nine months of the inauguration of Phases 1 and 2 and is expected to take three and a half years.

Once all five phases are completed, NMIA will feature two runways, four terminals, and the capacity to handle 90 MPPA, according to Navi Mumbai International Airport Ltd (NMIAL), the special purpose vehicle developing and operating the airport. Adani Group holds a 74 per cent stake in NMIAL, while the City and Industrial Development Corporation (CIDCO) owns the remaining 26 per cent.

Bansal said the aerodrome licence is expected from the Directorate General of Civil Aviation (DGCA) by the end of this month, following recent inspections. Commercial operations will begin with both domestic and international flights, with IndiGo and Akasa Air already committed. Discussions are underway with other carriers to join.

Adani Group also owns and operates Mumbai International Airport in a 74:26 partnership with the Airports Authority of India. Terminal 1 of Mumbai airport will be fully closed in mid-2029, coinciding with the opening of NMIA’s Terminal 2, to avoid congestion at T2.

NMIA’s runway was successfully tested last December with an IndiGo aircraft landing on runway 26/08, following calibration of the Instrument Landing System in November and a test landing by the Indian Air Force in October 2024.

The first and second phases of Navi Mumbai International Airport (NMIA) — comprising Terminal 1 and a runway — will be inaugurated in September this year, built with a capital investment of Rs 200 billion. The Adani Group will invest an additional Rs 300 billion in the airport’s third phase, which will see the construction of Terminal 2 and a second runway by 2029, according to Adani Airports Holdings Ltd (AAHL).In its initial phase, the greenfield facility will be equipped to handle 20 million passengers per annum (MPPA). A cargo terminal, expected to become operational in 2026, is also part of this stage. On completion of the third phase, NMIA will have capacity for 50 MPPA.AAHL Chief Financial Officer (Airport Business) Arun Bansal said enabling works for Phase 3 have already been carried out alongside the earlier phases. The upcoming stage will include Terminal 2, a second runway, automated people movers, and metro connectivity. Construction is set to begin within six to nine months of the inauguration of Phases 1 and 2 and is expected to take three and a half years.Once all five phases are completed, NMIA will feature two runways, four terminals, and the capacity to handle 90 MPPA, according to Navi Mumbai International Airport Ltd (NMIAL), the special purpose vehicle developing and operating the airport. Adani Group holds a 74 per cent stake in NMIAL, while the City and Industrial Development Corporation (CIDCO) owns the remaining 26 per cent.Bansal said the aerodrome licence is expected from the Directorate General of Civil Aviation (DGCA) by the end of this month, following recent inspections. Commercial operations will begin with both domestic and international flights, with IndiGo and Akasa Air already committed. Discussions are underway with other carriers to join.Adani Group also owns and operates Mumbai International Airport in a 74:26 partnership with the Airports Authority of India. Terminal 1 of Mumbai airport will be fully closed in mid-2029, coinciding with the opening of NMIA’s Terminal 2, to avoid congestion at T2.NMIA’s runway was successfully tested last December with an IndiGo aircraft landing on runway 26/08, following calibration of the Instrument Landing System in November and a test landing by the Indian Air Force in October 2024.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..