Adani Enterprises' Arm Sets Up Three Hotel and Real Estate Airport City Units

New Delhi, April 20: The three new entities are:

• Adani Navi Mumbai Airport City Ltd

• Adani Guwahati Airport City Ltd

• Adani Ahmedabad Airport City Ltd

Business Scope

The new entities will undertake:

• Real estate activities (construction, own/leased property)

• Hotels with integrated restaurants, banquets, and business centres

Capital Structure

• Paid-up capital: ₹10 lakh each

• Ownership: Fully owned by Adani Airport City Ltd

Adani's Airport Portfolio

• Adani Airport Holdings Ltd (incorporated 2019, 100% subsidiary of AEL)

• 8 airports accounting for 25% of passenger footfalls and 33% of India's air cargo traffic

• Airports managed: Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, Thiruvananthapuram

• Holds 73% in Mumbai International Airport Ltd (which holds 74% in Navi Mumbai International Airport Ltd)

Expansion Plan

• USD 15 billion expansion plan by 2030

• Target capacity: 200 million annual passengers

• Navi Mumbai airport: Recently opened (initial capacity 20 million passengers)

• Overall airport capacity target: Over 60% increase

• India air travel demand projection by 2030: Over 300 million passengers