Gautam Adani's BIG move, to spend Rs 960000000000 in…, what's business plan for next 5 years?
The group, led by billionaire Gautam Adani, operates seven airports in India, including the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai. The Navi Mumbai International Airport is expected to be added to this list by October this year. Investment Strategy For Next Five Years
Jeet Adani, 27-year-old son of Gautam Adani and head of the group's airport business, told the Times of India that the company has laid out a five-year plan involving investments of Rs 95,000–96,000 crore across airport infrastructure and real estate development.
'The majority of this investment will go into the Navi Mumbai and Mumbai airports, as well as real estate developments in both locations,' Jeet Adani said. Adani Group New Terminals Plan
Adani Group also has plans to build new terminals over the next four years in cities like Ahmedabad, Jaipur, and Thiruvananthapuram, while the recently built terminal in Lucknow will be expanded. A new terminal in Guwahati is already ready and expected to become operational by October–November this year.
Jeet Adani clarified that the group has no plans to expand abroad for now. 'We see tremendous opportunities within India and don't want to dilute our focus. At the end of the day, it's about our management bandwidth and where we want to deploy capital. India is poised for significant growth over the next 10–15 years,' he said.
He also noted that 26 airports in India have already been identified for development under the Public-Private Partnership (PPP) model. Investment In Navi Mumbai Airport
Adani Group has merged Phase 1 and Phase 2 of the Navi Mumbai International Airport (NMIA) project. Instead of launching with a 1 crore passenger annual capacity (CPA), it will now begin operations with a 2 crore CPA. The airport is being developed with an investment of Rs 19,000 crore, and work on Terminal 2 has already begun.
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