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Jeet B Bhayani (SEBI RA)

22nd Dec · SEBI-Registered Analyst

Adani Group has likewise revealed plans to invest a substantial sum of Rs. 1 lakh crore (US$12.5 billion) in its airport segment over the coming five years, which clearly reflects the group's firm confidence in the positive growth trend seen in the nation's aviation sector lately. The funding will enable the group to take advantage of the increasing trend in air traffic demand, projected to grow at a Compound Annual Growth Rate (CAGR) of 15-16%, according to MMrJeet Adani, Director of Adani Airports. This statement is made as the group prepares for the commencement of commercial activities at Navi Mumbai International Airport. The Navi Mumbai international airport initiative required an initial investment of Rs. 19,650 crore (USD 2.46 billion). Its starting capacity would accommodate 20 million passengers each year and eventually increase to manage an impressive 90 million, alleviating the current strain on the existing Mumbai airport. Adani Airports' present operations include a wide range of metro and regional airports, specifically Ahmedabad, Lucknow, Guwahati, Thiruvananthapuram, Jaipur, and Mangalore, in addition to Mumbai. Due to this significant capital influx, the conglomerate plans to enhance airport infrastructure, elevate passenger experience, and actively engage in upcoming airport prprivatisationenders, which include the 11 airports shortlisted for government operation. In addition to building essential airport infrastructure, Adani Airports is expected to create additional supporting facilities and enhance capacities.

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