Adani plans Rs 15,000 cr fund for proposed airport in Navi Mumbai

07 Dec 2021 CW Team

Adani Airport Holdings is ready to fund Rs 15,000 crore from State Bank of India for the proposed airport in Navi Mumbai.

The group has prepared one of the biggest project financing loans from India's largest lender, the State Bank of India, indicating the return of CAPEX loans for infrastructure projects.

The estimated project cost has additionally surged by Rs 4,000 crore to Rs 20,000 crore. Of the total price, Rs 5,000 crore will be funded by the Adani Group and the rest will come via borrowings.

The bank has achieved the project appraisal. It is presently finalising the contours of the loan, which is anticipated to be long term, probably of the 15-year tenor.

SBI would initially extend the planned credit line but is anticipated to down-sell it to other interested lenders.

Adani Group took operational control of the Mumbai airport from the GVK group in July and holds a 74% share in Mumbai International Airport Limited (MIAL), which owns 74% share in the Navi Mumbai airport. The rest is held by the Maharashtra government. MIAL is the firm that runs Mumbai airport. After the procurement of GVK's Mumbai International Airport, India's second busiest, and six other airports of AAI, Adani Airport Holdings Ltd estimates 25% of all passenger traffic and 33% of air cargo. With air passenger numbers calculated to increase as the industry comes out of the influence of the Covid-19 pandemic, airport infrastructure is ready to observe billions of dollars of investments as India races to meet its airport infrastructure requirements.

While the Adani group capital investments will be in Navi Mumbai airport and AAI airports such as Guwahati, Trivandrum, Ahmedabad, Jaipur, Lucknow and Mangalore, Jewar airport in Greater Noida is additionally set to witness an investment of Rs 5,000 crore till early 2024.

Image Source

Adani Airport Holdings is ready to fund Rs 15,000 crore from State Bank of India for the proposed airport in Navi Mumbai. The group has prepared one of the biggest project financing loans from India's largest lender, the State Bank of India, indicating the return of CAPEX loans for infrastructure projects. The estimated project cost has additionally surged by Rs 4,000 crore to Rs 20,000 crore. Of the total price, Rs 5,000 crore will be funded by the Adani Group and the rest will come via borrowings. The bank has achieved the project appraisal. It is presently finalising the contours of the loan, which is anticipated to be long term, probably of the 15-year tenor. SBI would initially extend the planned credit line but is anticipated to down-sell it to other interested lenders. Adani Group took operational control of the Mumbai airport from the GVK group in July and holds a 74% share in Mumbai International Airport Limited (MIAL), which owns 74% share in the Navi Mumbai airport. The rest is held by the Maharashtra government. MIAL is the firm that runs Mumbai airport. After the procurement of GVK's Mumbai International Airport, India's second busiest, and six other airports of AAI, Adani Airport Holdings Ltd estimates 25% of all passenger traffic and 33% of air cargo. With air passenger numbers calculated to increase as the industry comes out of the influence of the Covid-19 pandemic, airport infrastructure is ready to observe billions of dollars of investments as India races to meet its airport infrastructure requirements. While the Adani group capital investments will be in Navi Mumbai airport and AAI airports such as Guwahati, Trivandrum, Ahmedabad, Jaipur, Lucknow and Mangalore, Jewar airport in Greater Noida is additionally set to witness an investment of Rs 5,000 crore till early 2024. Image Source

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..