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

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Infrastructure Energy

14 Oct 2025

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Infrastructure Energy

14 Oct 2025

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..