Adani Group Company Clinches USD 750 Million Global Financing to Power Next Phase of Growth
The stock is up by 24 per cent from its 52-week low of Rs 2,026.90 per share and has given multibagger returns of 1,600 per cent in 5 years.
Adani Airport Holdings Ltd (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd, has solidified its position as India's premier airport infrastructure company. Currently, AAHL manages a portfolio of eight airports, collectively handling 23 per cent of India's passenger footfalls and over 29 per cent of the nation's air cargo traffic. In the fiscal year 2024-25, AAHL's airports served an impressive 94 million passengers with an overall capacity of 110 million passengers.
In a significant financial move, AAHL successfully raised USD 750 million through External Commercial Borrowings (ECB) from a consortium of international banks. This transaction, led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank, will be strategically utilised. Specifically, USD 400 million of the proceeds are earmarked for refinancing existing debt, while the remaining funds will be allocated towards growth capital expenditure for six of its airports, including Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. Furthermore, a portion will support the expansion of AAHL's non-aero businesses, such as Retail, Food & Beverage, and Duty-Free services across its extensive airport network.
Looking ahead, AAHL has ambitious plans to significantly enhance its capacity, aiming to triple it to 300 million passengers per annum by 2040 through a phased development strategy. A key component of this expansion is the upcoming Navi Mumbai International Airport, which is anticipated to become operational shortly. This new airport is projected to add an initial 20 million passengers in its first phase, with the potential to expand to 90 million passengers annually in a phased manner, thereby providing a substantial boost to the Mumbai region's aviation infrastructure.
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About Adani Enterprises Ltd
Adani Enterprises Ltd, the flagship company of the Adani Group, is a diversified conglomerate with interests in mining, resource management, infrastructure development and more. Founded in 1993, it acts as an incubator for new ventures within the Adani Group, with several successful companies like Adani Power and Adani Ports starting under its wing. AEL itself is a major player in India's Integrated Resources Management (IRM) business, importing and selling coal, while also operating its mining projects in India, Indonesia and Australia. Beyond mining, Adani Enterprises is involved in solar power generation through its subsidiary Adani Solar, the largest integrated solar manufacturer in India. They are also developing data centres and working on road infrastructure projects. Notably, the Adani Group recently entered the airport sector by winning the rights to operate and modernise six airports across India.
A strong performer with a market cap of Rs 2.88 lakh crore, the company has consistently delivered impressive profit growth of 37 per cent CAGR over the last 5 years. According to the Quarterly Results (Q4FY25) and annual results (FY25), the company posted amazing numbers. The stock is up by 24 per cent from its 52-week low of Rs 2,026.90 per share and has given multibagger returns of 1,600 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.