Adani Group News / Adani Group's new plan, Navi Mumbai airport will cost so many crores

The Adani Group will invest another ₹30,000 crore to expand Navi Mumbai International Airport. The first phase of the airport, which is scheduled to open in December, will be inaugurated this week. The next phase of the project will increase capacity to 90 million passengers per year by 2029. The Maharashtra government has a 26% stake in the project.

Adani Group News: The Adani Group plans to invest an additional ₹30,000 crore to expand Navi Mumbai International Airport. This greenfield airport, scheduled to open in December 2025, is poised to set a new benchmark in India's aviation sector. Senior officials at Adani Airport Holdings shared this information ahead of Prime Minister Narendra Modi's inauguration ceremony. The group has already invested ₹20,000 crore in the project, and the design of the second terminal has begun, with completion scheduled for 2029.

First Phase Inauguration

The first phase, scheduled to be inaugurated this week, will have a capacity of 20 million passengers per annum (MPPA) with one runway. The airport will handle both domestic and international flights. The Adani Group has finalized agreements with Akasa Air, IndiGo, and Air India. A senior official stated that the first phase will initially be nearly full, with 20-23 flights per hour. This number could be further increased in the future.

Phase Two Expansion

The second phase will expand the airport's capacity to 30 million passengers. A massive cargo terminal and India's largest maintenance, repair, and overhaul (MRO) facility, consisting of five large hangars, will be established. Upon completion of this phase, the cargo terminal will be able to handle 3.8 million tons of cargo per year, making Navi Mumbai a major cargo hub in India. An official said, "India currently lacks a dedicated cargo hub, and Navi Mumbai will fill this gap."

Financial and Ownership Plan

The Adani Group will fund this expansion through debt and equity. The group is considering listing its airport holding company on the stock exchange, although no timeline has been set yet. The Maharashtra government holds a 26% stake in the project, while the Adani Group holds the remaining stake.

Long-Term Vision

Spread across 1,160 hectares, the airport will eventually reach a capacity of 100 million passengers per year with four terminals. Its design will ensure seamless transfers for international passengers, eliminating the need for repeated security and customs checks. The Adani Group aims to develop Navi Mumbai into a global passenger hub like Dubai. Automated transport systems, underground fuel systems, and an efficient cargo-passenger network will be established to achieve this.

Contribution to India's Aviation Sector

The Adani Group, which operates eight airports in India, wants to make Navi Mumbai a hub of its aviation strategy. An official said, "Given India's economic growth, manufacturing sector, and the need for a global aviation hub, Navi Mumbai will play a vital role." This airport will not only boost passenger and cargo services but will also help India gain a strong foothold on the global aviation map.