The Adani Group has plans to expand seven airports in the country over the next five 5-10 years with a capital expenditure of Rs 60,000 crore. The capacity of the airports managed by Adani Ports will increase up to three times by 2040, said the company's Managing Director Karan Adani on Sunday.
Out of this, Rs 30,000 crore will be spent on the 'airside' and the rest will be spent on the 'cityside' at the airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati, Jaipur, and Thiruvananthapuram, said Adani Airports Holdings (AAHL) CEO Arun Bansal.
The 'airside' is the portion of the airport that includes arrival and departure areas, runway, control towers, and hangars. 'Cityside' refers to the area around the airport where commercial facilities are located.
Mr Bansal also clarified that the Rs 18,000 crore allocated for the Phase-I development at the Navi Mumbai airport is not part of the 60,000 crore expansion plan.
A new terminal was inaugurated at the Lucknow Airport yesterday. Speaking on the sidelines of the event, Mr Adani said the airports managed by Adani Group have a capacity of 10-11 crore passengers annually, which will be increased up to three times.
"Overall, we are looking at a combined capacity of 25-30 crore annual passenger capacity by 2040," he added.
The Group does not have any firm plan to get its airport subsidiary listed and the investments will be funded through internal accruals of Adani Enterprises Ltd, the parent company, he added.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
Featured Video Of The Day
Maharashtra Exit Polls: 3 Of 9 Pollsters Predict Hung House
BJP vs Congress On US Government Department Move Against Adani Group "Baseless And Denied": Adani Group On A US Government Department Report Gautam Adani Commits $10 Billion To Energy, Resilient Infra Projects In US Russia's Firing Of ICBM On Ukraine Is Weapon's 1st Combat Use In History Amazon Employee Greets Friend At Wedding, Dies Of Cardiac Arrest Maharashtra Chief Minister Pick Contentious For Both Ruling, Opposition Camps North Korea's Kim Accuses US Of Escalating Tensions, Warns Of Nuclear War NDMC Launches 'Night Cleaning Drive' Amid Delhi's 'Very Poor' Air Quality Israel Strikes Kill 52 In Lebanon As Hezbollah Targets South Israel Track Latest News Live on NDTV.com and get news updates from India and around the world.