Adani Airports Secures $1 Billion Project Finance for Mumbai Airport, Becomes India’s Largest Operator

Mumbai, June 24, 2025 : In a landmark development for India's aviation infrastructure, Adani Airports Holdings Limited (AAHL), a subsidiary of Adani Enterprises, has successfully secured USD 1 billion in project financing for the Mumbai International Airport Ltd (MIAL). With this move, Adani Airports further solidifies its position as India’s largest private airport operator.

The financing package includes the issuance of USD 750 million in investment-grade notes, maturing in July 2029, earmarked primarily for debt refinancing. Additionally, the framework permits an additional USD 250 million to be raised, taking the total available funding to USD 1 billion.

According to AAHL, this funding will enhance financial flexibility for MIAL and support its ongoing plans for modernization, expansion, and increased passenger capacity. The deal marks India’s first investment-grade rated private bond issuance in the airport infrastructure sector.“This successful issuance validates the strength of the Adani Airports' operating platform, the robust fundamentals of Mumbai International Airport, and our commitment to sustainable infrastructure development,” said Arun Bansal, CEO of AAHL.

The financing deal was led by Apollo-managed funds, with participation from major institutional investors and global insurers, including those managed by BlackRock and Standard Chartered. Their involvement signals rising international confidence in India's airport infrastructure and Adani’s long-term vision.

Previously, Adani Airports had secured USD 750 million in external commercial borrowings from international banks for refinancing and infrastructure expansion across six airports.

Currently operating eight airports and serving 94 million passengers in FY 2024–25, Adani Airports aims to triple its passenger handling capacity to 300 million by 2040. The company’s strategy focuses on enhancing customer experience, operational efficiency, and environmental sustainability.

This latest financing milestone is seen as a major step in transforming Mumbai International Airport into a global aviation hub and reflects growing investor trust in India's infrastructure growth story.