Adani Group’s new Navi Mumbai Airport is set to commence operations in the first half of 2025, announced Group CFO Jugeshinder ‘Robbie’ Singh on Tuesday during the company’s quarterly and half-year financial update. The airport, equipped with a 3,700-meter runway, advanced terminals, and modern air traffic control systems, is expected to handle up to 20 million passengers annually in its initial phase, with a total projected capacity of 90 million passengers per year.
Earlier in October, the Adani Group successfully managed a landing of Indian Air Force aircraft on the new runway, signaling a significant milestone in its development. “We are on track to start operations in the first half of 2025,” Singh stated, further highlighting that Adani Airports has expanded six new routes, added six airlines, and launched 13 new flights across its network of seven operational airports.
The Adani Group entered the civil aviation sector in 2019 with Adani Airport Holdings Limited, a wholly-owned subsidiary of Adani Enterprises Ltd. Following successful bids to manage six airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram—the company now manages 25% of India’s passenger footfall and 33% of the country’s air cargo traffic.
Strong Financial Performance
Adani Enterprises, the Adani Group’s flagship company, reported a robust 664% increase in net profits for the July-September 2024 quarter, reaching Rs 1,741 crore compared to Rs 228 crore in the same period the previous year. For the first two quarters of the 2024-25 fiscal year, cumulative net profits rose by 254% to Rs 3,196 crore.
In terms of revenue, the company’s total income grew by 15% to Rs 23,196 crore in the July-September period, contributing to a combined income of Rs 49,263 crore for the first half of the fiscal year, marking a 14% increase. Additionally, Adani Enterprises reported a record half-year EBITDA of Rs 8,654 crore, supported by the growth of core infrastructure businesses in its incubation portfolio.