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 Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..