adani group

Adani Enterprises plans to invest around INR 1.75 lakh crore (approximately 21 billion USD) in its airport business over the next ten years. This was reported by Jugeshinder Singh who is the chief financial officer of Adani Enterprises. He announced that the city-side development projects will be implemented at all airports under the control of the Adani Group.

The company is also planning to increase its revenue from the non-aero segment. It is targeting a 75% contribution to overall revenue and operating profit. Although there has been no specific timeline provided for the project, it is believed that the operations for expanding the airports are going to begin soon enough. Presently, the Adani Group’s aero to non-aero revenue ratio is 75:25 at the six airports, while the Mumbai Airport has a 50:50 ratio.

Adani’s Airport Business

The Adani Group’s airport business is managed by Adani Airport Holdings. It is a wholly-owned subsidiary of the Adani Group. The company presently operates seven different airports across India. They are located in Lucknow, Mumbai, Ahmedabad, Guwahati, Jaipur, Mangalore, and Thiruvananthapuram. With time, the company is further planning to gain control over other major airports. This will give its airport business excellent profitability. It will also be able to take its company to new heights.

The company has already started work on Phase 1 of the city-side development across 98 acres at its five airports in Ahmedabad, Jaipur, Lucknow, Guwahati, and Mumbai. The company also plans to redefine the airport infrastructure sector through regional footprint growth, gateway development, a focus on non-passengers and consumers, and investments in digital technology. The company is also aiming to diversify its revenue stream. It has also received support from the government for the public-private partnership model.

Also, as India is projected to become the world’s third-largest aviation market, Adani Airport will experience massive growth in the upcoming years. With these investments in the airport sector, the Adani Group will easily boost its airport business and diversify its portfolio significantly. The conglomerate will no longer have to deal with controversies of the Adani scam.

Recent Plans For Development

Currently, the Adani Group is also planning on adopting the concept of a Smart City similar to GMR Aerocity in New Delhi. These smart cities offer retail brands, hotels, food joints, premium office spaces, etc., near the airport terminals. This can offer passengers an enhanced experience, and business activities at the airport will also be triggered. The revenue generated by the airports will increase. The accusations of Adani scam will also cease to exist.

The company is also in the process of constructing the Navi Mumbai International Airport. The project is expected to be completed by the end of this year or early next year. Once the airport business merges, it will be listed independently by 2028. This will give the Adani Group’s business strategy of demerging incubated businesses enhanced exposure. The Navi Mumbai Airport will also distribute the load of the Mumbai Airport. It will ensure that the finance capital is easily connected to the different corners of the world.

Other Plans For Digitalisation

The Adani Group has various other advanced plans for improving the airport’s operations. It has always used technology while carrying out its business operations. Through the advanced use of technology, the company has been able to automate its various airport operations significantly. This has provided the business group with extraordinary success. Its operations have also been streamlined.

Currently, the Adani Group is working on further bringing all its airport consumers to a single platform through its super app. This app will allow individuals to book flight tickets, gain exclusive lounge access, and track their flight status from a single platform itself. This will help the business group in taking its business operations to new heights. All its company operations will also be streamlined.

Conclusion

In this way, even amidst rumours of Adani scam, the Adani Group was also able to give its airport business enormous growth and prosperity. With these recent investments, the conglomerate will be able to grow its business further. It will also be able to build the reputation of being one of the biggest private air operators in the entire world.

By Anurag Rathod

Anurag Rathod is an Editor of Appclonescript.com, who is passionate for app-based startup solutions and on-demand business ideas. He believes in spreading tech trends. He is an avid reader and loves thinking out of the box to promote new technologies.