Adani Airports Holdings Limited (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd and India’s largest private airport operator, has secured $1 billion in financing to support the expansion and modernisation of Mumbai International Airport (MIAL).
Adani Airports raised the funds through a structured project finance deal, marking a significant milestone in India’s private airport infrastructure development.
The financing includes a $750 million bond issuance, maturing in July 2029, aimed at refinancing existing obligations.
In addition, the structure allows for a further $250 million to be raised, bringing the total to $1 billion.
In addition, the structure enables Adani Airports to raise an additional $250 million, taking the total to $1 billion.
This flexibility strengthens MIAL’s capital expenditure plans by directly supporting its development, modernisation, and capacity enhancement efforts.
The transaction, led by Apollo-managed funds, also witnessed participation from global institutional investors and insurance companies, including BlackRock-managed funds and Standard Chartered.
This deal marks India’s first investment-grade (IG) rated private bond issuance in the airport infrastructure sector, with the notes expected to receive a BBB-/Stable rating.
Arun Bansal, CEO of Adani Airports Holdings Ltd, said, “This successful issuance validates the strength of the Adani Airports’ operating platform, the robust fundamentals of Mumbai International Airport, and our commitment to sustainable infrastructure development.”
He added, “Our ability to secure one of the largest private investment-grade project finance issuances demonstrates our commitment to financial discipline, capital efficiency, and long-term value creation.”
The funds will not only aid in the physical expansion and digitisation of MIAL but also accelerate its sustainability goals, with a strong focus on achieving net-zero emissions by 2029.
AAHL reaffirmed its long-term vision of transforming Indian airport infrastructure through ongoing investment in innovation, digital integration, and capacity building.
This latest financial move follows a previous $750 million funding round from a global bank consortium and reflects Adani’s strong standing in international capital markets.
It also underscores growing global confidence in India’s next-generation infrastructure and the pivotal role of Mumbai Airport within that framework.
Adani Enterprises Ltd, the flagship company of the Adani Group, incorporated AAHL in 2019 as its 100% subsidiary.
It currently oversees the management and development of multiple airports across India, positioning itself as a key player in the country’s infrastructure landscape.
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