Latest news with #NaviMumbaiAirport
Time of India
a day ago
- Business
- Time of India
Adani's airport biz set to spread wings wider; major new plans, Rs 1 lakh cr investment in offing
Adani Group plans a significant expansion in its airport business. The group will invest nearly Rs 1 lakh crore over the next five years. This investment will focus on infrastructure and real estate development. Navi Mumbai Airport will soon be added to their portfolio. The group will also develop new terminals at various airports across India. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New plan for Mumbai Big aviation bull Tired of too many ads? Remove Ads The Adani Group is all set for a major expansion of its airport business that will entail an investment of nearly Rs 1 lakh crore over a period of five years, the conglomerate's airport head Jeet Adani told the Times of India in an group currently runs seven airports in India, including Mumbai CSMIA. Another new airport, in Navi Mumbai, will comes under the group's airport portfolio starting October this to Jeet Adani ( Gautam Adani 's son), this capex will be infused into infra and real estate development. There is currently no plan to spread this business to other countries because the potential in India itself is immense, he told ToI's Saurabh new airport plan will be a five-year rolling programme, Adani said. Over the next five years, the group's precise total investment in the airport ecosystem -- infrastructure plus real estate -- will be Rs 95,000-96,000 crore, he added.A majority of this investment will go into Navi Mumbai Airport and Mumbai Airport -- basically into real estate in these two entities, Jeet Adani other major parts of the plan include new terminals at airports in Ahmedabad, Jaipur and Thiruvananthapuram, etc, over the next four years. Besides, the new terminal in Lucknow will see expansion. A new terminal at Guwahati is also ready and will be commissioned this October-November, Adani business has no immediate plans for setting up shop abroad as there are major opportunities in India itself, Adani said. According to him, "We keep getting feelers from abroad. But at the end of the day, it's about our management bandwidth and where do we want to keep our capital.""We believe India will see some serious growth in the next 10-15 years. There's so much growth opportunity here with 26 airports already identified for being developed PPP way. Our focus is on going deeper in India and establishing a broader presence here, rather than going abroad," he a peek into the group's plan for Navi Mumbai, Adani said phase I and II have been clubbed, and that the airport will open with an initial capacity of 2 crore passengers annually (CPA)."This has been built with a capex of Rs 19,000 crore. We have already started work on T2 for Navi Mumbai International Airport (NMIA) which could either be 3-CPA capacity at Rs 30,000 crore or 5-CPA capacity with a capex of Rs 40-45,000 crore," Adani said."That decision will be taken shortly and T2 construction work will start in 6-12 months. Our overall capex on NMIA that will take it to the ultimate capacity of 9 CPA will be Rs 1 lakh crore. A completely new T1 at Mumbai CSMIA will be built by 2032 at a cost of Rs 5,000 crore," he told the the project, the group will put in its own equity. According to Adani, "Equity we will put on our own. We have to refinance NMIA. The same lenders have already expressed willingness to participate in the next round. Our philosophy is to pre-invest in infra because we are willing to take a position on the growth of the aviation sector and growth of the economy of the cities we are in. The sector has some real tailwinds."Explaining why he is so bullish on aviation, Adani affirmed that the group is "here just as an airport operator but are here to drive the entire ecosystem forward.""It is not a fight between airline and airport operators. Collectively, our aviation ecosystem has to get the traffic currently transiting between India and rest of the world through nearby hubs in the Gulf, Southeast Asia and even Europe (for North America market)," he said."Those places have a deep integration between airports and airlines, which as of now is not there in India. Fortunately as a group, we have fantastic relationship with IndiGo and the Tatas. We have spoken to both and have asked them to include us into their planning and be a part of our planning," he added.
Time of India
2 days ago
- Business
- Time of India
‘Adani group to invest Rs 96,000 crore in airports business over 5 years'
AHMEDABAD: Operating seven airports in India, including Mumbai CSMIA with Navi Mumbai set to join the list this Oct, the Adani group will invest close to Rs 1 lakh crore in its airport business over the next five years. This capex will be spread over both infra and real estate development. The conglomerate's airport head Jeet Adani (27), son of patriarch Gautam Adani , says the potential in India is so immense that it has no immediate plans to expand this vertical of business abroad. Excerpts: What are your investment plans for the sector? We do five-year rolling planning. In the next five years, our total investment planned in the airports ecosystem between infrastructure and real estate is almost Rs 95,000-96,000 crore. The biggest chunk of the capex will be at Navi Mumbai Airport, Mumbai Airport and real estate in these two places. The other big projects are to build new terminals at airports in places like Ahmedabad, Jaipur and Thiruvananthapuram in next four years. The recently-built terminal in Lucknow will be expanded. A new terminal at Guwahati is ready and will be commissioned this Oct-Nov. Do you have any plans to build and operate airports abroad too? Not immediately. We see too much opportunity in India and don't want to distract ourselves by going abroad. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo We keep getting feelers from abroad. But at the end of the day, it's about our management bandwidth and where do we want to keep our capital. We believe India will see some serious growth in the next 10-15 years. There's so much growth opportunity here with 26 airports already identified for being developed PPP way. Our focus is on going deeper in India and establishing a broader presence here, rather than going abroad. Jeet Adani What is the investment that the upcoming Navi Mumbai will see? We clubbed phase I and II of that airport and will open with an initial capacity of 2 crore passengers annually (CPA) instead of building 1 CPA at a time. This has been built with a capex of Rs 19,000 crore. We have already started work on T2 for Navi Mumbai International Airport (NMIA) which could either be 3-CPA capacity at Rs 30,000 crore or 5-CPA capacity with a capex of Rs 40-45,000 crore. That decision will be taken shortly and T2 construction work will start in 6-12 months. Our overall capex on NMIA that will take it to the ultimate capacity of 9 CPA will be Rs 1 lakh crore. A completely new T1 at Mumbai CSMIA will be built by 2032 at a cost of Rs 5,000 crore. How do you plan to fund this capex? Equity we will put on our own. We have to refinance NMIA. The same lenders have already expressed willingness to participate in the next round. Our philosophy is to pre-invest in infra because we are willing to take a position on the growth of the aviation sector and growth of the economy of the cities we are in. The sector has some real tailwinds. What makes you so bullish on aviation, given the not so happy relation between airlines and airports here in the past? We are not here just as an airport operator but are here to drive the entire ecosystem forward. It is not a fight between airline and airport operators. Collectively, our aviation ecosystem has to get the traffic currently transiting between India and rest of the world through nearby hubs in the Gulf, Southeast Asia and even Europe (for North America market). Those places have a deep integration between airports and airlines, which as of now is not there in India. Fortunately as a group, we have fantastic relationship with IndiGo and the Tatas. We have spoken to both and have asked them to include us into their planning and be a part of our planning. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hans India
5 days ago
- Politics
- Hans India
Expansion of Shirdi Airport be completed before upcoming Kumbh Mela: Maha CM
Mumbai: Maharashtra Chief Minister Devendra Fadnavis, on Thursday, directed the administration to complete the renovation and expansion work of Shirdi airport and make it fully operational before the upcoming Nashik-Trimbakeshwar Kumbh Mela. He chaired the meeting to review the ongoing works of Shirdi airport and the Greenfield airport at Purandar in Pune district. Taking a detailed review of the expansion and renovation work of Shirdi Airport, Chief Minister Fadnavis said: "The work of a new air traffic control building, integrated cargo building and terminal building at the airport in Shirdi is proposed. These works must be completed before the start of the upcoming Kumbh Mela. However, these works must be expedited and completed on time. If necessary, additional manpower should be used for this. Also, the procurement and structural design work required for the airport should be completed in the coming weeks." "Shirdi Airport is the nearest airport to Mumbai and Navi Mumbai Airport. Shirdi Airport can be used for parking small aircraft here. In this regard, if necessary, more land should be acquired to create facilities at Shirdi Airport from now onwards," he added. "As far as Purandar Airport is concerned, survey has been done. Therefore, the Pune District Collector should immediately start the necessary process to acquire the land required for this airport so that the work of the airport can start soon. After the opening of this airport, the air service network in Maharashtra will further expand," the Chief Minister said. Deputy Chief Minister Ajit Pawar said: "The immediate action should be taken to ensure that the work on Purandar Airport starts soon. Also, there should be facilities for landing large aircraft there, for which necessary care should be taken from now on. There should also be an arrangement for an aircraft hangar at this airport." Swati Pandey, Vice-Chairman of Maharashtra Airport Development Authority, gave a presentation on the work of Shirdi and Purandar Airports. The representatives of the consulting company and contractor company appointed for Shirdi Airport also gave information.
News18
12-07-2025
- Business
- News18
CM Fadnavis Inspects Navi Mumbai International Airport, Meeting Held To Review Progress Work
Last Updated: Chief Minister Fadnavis inspected Navi Mumbai Airport, reviewed progress, discussed radar relocation, and mentioned plans for Mumbai's third airport by 2026. Chief Minister Devendra Fadnavis on Saturday visited the Navi Mumbai International Airport and inspected the airport. During this visit, a meeting was held with senior officials to review the detailed progress of the work. NBJHUI98 In a post on X, the CMO of Maharashtra said that Deputy Chief Minister Eknath Shinde, Minister Ganesh Naik, MLA Mahesh Baldi, MLA Manda Mhatre, and other dignitaries were present on the occasion. 🔸CM Devendra Fadnavis visited and inspected the Navi Mumbai International Airport and chaired a meeting with senior officials to review the detailed progress of the ongoing Eknath Shinde, Minister Ganesh Naik, MLA Mahesh Baldi, MLA Manda Mhatre and other dignitaries… — CMO Maharashtra (@CMOMaharashtra) July 12, 2025 The first phase of the Navi Mumbai International Airport is expected to be operational by September, Industries Minister Uday Samant informed the Legislative Assembly earlier, Hindustan Times reported. The Navi Mumbai airport's inauguration, initially slated for late August, has been slightly delayed and is now expected to take place in September. 'About 95% of the construction work is complete. The airport will begin operations within the next two months," Samant said, adding that initial services will commence with limited capacity. The second phase of the airport is expected to be rolled out a few months after the first becomes functional. Speaking at the Western Region Ministers' Conference on Civil Aviation, Fadnavis said the towers were hampering the redevelopment of residential buildings in north Mumbai. 'The land to shift the radar has been provided, as has the money. If it is required to be placed before the cabinet, then do so, and if it can be done at your level, then do it. If it is shifted, it will benefit 10 lakh middle-class people who will be able to carry out redevelopment, which is currently stuck on account of the radars. I appeal to your team to visit the two plots and select whichever is suitable," he said. Fadnavis raised the issue of constructing an offshore airport during the Vadhavan port groundbreaking ceremony in Palghar. 'An agency has been appointed to prepare the detailed project report, and it will be Mumbai's third airport. We want to begin work on it by 2026," he said. Fadnavis credited PM Narendra Modi for speeding up permissions for the Navi Mumbai airport, noting it's nearing completion and will play a key role in cargo handling, alongside Pune and Nagpur airports. view comments First Published: July 12, 2025, 16:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hindustan Times
08-07-2025
- Business
- Hindustan Times
Navi Mumbai Airport set to begin operations in Sept
MUMBAI: The first phase of the Navi Mumbai International Airport is expected to be operational by September, Industries Minister Uday Samant informed the Legislative Assembly on Monday. While the original target for inauguration was the end of August, minor delays have pushed the launch to the following month. Mumbai, India. Apr 04, 2025: View of Under Construction Navi Mumbai Airport. Mumbai, India. Apr 04, 2025. (Photo by Raju Shinde/HT Photo) (Hindustan Times) 'About 95% of the construction work is complete. The airport will begin operations within the next two months,' Samant said, adding that initial services will commence with limited capacity. The second phase of the airport is expected to be rolled out a few months after the first becomes functional. Samant was replying to a long-duration debate on investment in Maharashtra. He claimed that 87% of the Memorandums of Understanding (MoUs) signed by the state government with companies have been realised, the highest rate in the country. 'In the last three years, the Maharashtra government signed MoUs worth ₹1.80 lakh crore, ₹7 lakh crore, and ₹15.72 lakh crore. Of the 46 companies with whom MoUs have been inked, 15 have already been allotted land, and land will be allocated to seven more in the coming days. Twenty others will be given plots as per their request, and four industrial units are set to begin operations shortly,' he said. He further claimed Maharashtra has outpaced all other states in attracting foreign direct investment under the leadership of chief minister Devendra Fadnavis and deputy chief minister Eknath Shinde. The minister also emphasised the government's focus on equitable industrial development across the state. 'Gadchiroli is emerging as a steel manufacturing hub with investments worth ₹1 lakh crore. Under the CM Employment Guarantee Scheme, more than 62,000 industrial units have been established—six times more than during the previous MVA government's tenure,' he said. Samant also said Maharashtra is among the top three states in implementing the Centre's Vishwakarma scheme for artisans and skilled tradespeople. On a separate note, responding to questions about the financial health of the Brihanmumbai Municipal Corporation (BMC), Samant said the civic body's liabilities stood at ₹2.32 lakh crore and had risen by 22% over the past year. However, he dismissed claims that the increase was due to mismanagement.
