The Adani Group intends for its airports to annually manage 80 million passengers as soon as all of the eight tasks in its kitty, along with the mega Navi Mumbai airport. As per the financial annual report of 2021, the group’s flagship mentioned the group’s aims to wield one other 120 million non-passengers, which would come along with shoppers at resorts and malls within the aerotropolis areas around its airports.
In the ending period fiscal year by March 31, Adani operated with 8 million passengers at its airports – from Ahmedabad, Lucknow and Mangaluru, which was conveyed over in October-November final year, and the Mumbai worldwide airport wherein it acquired a 23.5% stake in February 2021.
Accenting the concentration on the airports’ enterprise, the corporate mentioned the succeeding epoch of its imperative enterprise investments had been centred on airport administration. Its know-how parks, roads, knowledge centres and water infrastructure has a shift in the direction of the B2C section.
Adani Enterprises as an incubator owns 100% of its airport operating firm, Adani Airport Holdings Ltd. Adani has obtained bids to improve six airports hitherto administered by the state-run Airports Authority of India. On February 14, 2020, the concession agreements for Ahmedabad, Lucknow and Mangaluru airports had been signed, whereas those for Jaipur, Guwahati and Thiruvananthapuram had been signed on January 19 this year. The firm began working on the movements at Ahmedabad, Lucknow and Mangaluru between October and November 2020. Initiation of enforcement in Jaipur, Guwahati and Thiruvananthapuram is foretold from consequent months.
