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Adani’s airport outlay plans at ₹60k crore in 10 years

Livemint

Livemint · 1y ago

Adani’s airport outlay plans at ₹60k crore in 10 years

The Adani Group plans to invest around ₹60,000 crore ($8.1 billion) to expand its existing airports over the next 5-10 years. The investment will primarily focus on enhancing terminal and runway capacity over a period of five years and developing the city-side infrastructure over a decade. The funding will come from the parent company's internal accruals. Adani operates airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. The group aims to more than double its airport capacity by 2040 and sees smaller cities becoming hubs for international passengers.

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Adani’s $2.1 billion Navi Mumbai Airport to boost India's aviation ambitions

Livemint

Livemint · 1y ago

Adani’s $2.1 billion Navi Mumbai Airport to boost India's aviation ambitions

Adani Group's $2.1 billion Navi Mumbai airport project is a significant infrastructure development that reflects India's efforts to catch up with China and become a global aviation hub. The airport, with a lotus-shaped design, is expected to start operations in March 2023 and aims to handle 20 million passengers annually initially, with a potential capacity of 90 million by 2032. Adani Airport Holdings is in discussions with international airlines and expects 30% of traffic to come from international flights. The success of the project is crucial to Mumbai's overall revamp plans, with additional infrastructure developments being planned around the airport.

Create jobs: Mahindra reacts to jobless youth at Mumbai airport

Inshorts · 1y ago

Create jobs: Mahindra reacts to jobless youth at Mumbai airport

Despite public anger over Budget 2024, Finance Minister Nirmala Sitharaman emphasized job creation. Anand Mahindra supported this, highlighting a viral photo of 25,000 people vying for 600 jobs at Mumbai airport. Mahindra praised government schemes aiming to create 4.1 crore jobs with a ₹2 lakh crore outlay, urging private sector involvement to prevent a demographic disaster.

Adani’s gift city arm to break even in nine years

Thehindubusinessline

Thehindubusinessline · 1y ago

Adani’s gift city arm to break even in nine years

Adani Ports' subsidiary, Udanvat Leasing IFSC Ltd, plans to enter the aircraft leasing market and achieve net foreign exchange positivity within nine years. With an initial investment of ₹555 crore over the next five years, Udanvat aims to acquire aircraft and lease them through operating lease agreements. The company's goal is to compete in the global aircraft leasing market and establish itself as a key player in GIFT City, aligning with the Indian government's efforts to position the city as a global aviation hub.

Centre Looking To Extend Fiscal Support To Eight Years Under Semicon Mission

Inc42 · 11m ago

Centre Looking To Extend Fiscal Support To Eight Years Under Semicon Mission

The government plans to extend the fiscal support period under the second phase of the ISM to eight years from five years. Approved projects may also receive additional financial grants. However, financial support for technology transfer costs may be withdrawn, with the outlay for administrative expenses being increased.

Gautam Adani’s Ambuja Cements draws up $9-billion war plan for Ultratech battle

Livemint

Livemint · 1y ago

Gautam Adani’s Ambuja Cements draws up $9-billion war plan for Ultratech battle

Billionaire Gautam Adani plans to invest $9 billion in Ambuja Cements to surpass Aditya Birla Group's Ultratech Cement as India's largest cement-maker. The plan involves increasing Ambuja Cements' capacity to at least 180 million tonnes per annum in the next three years. The Adani group aims to leverage Ambuja's cash reserves and additional capital to augment production capacity. The expansion plan includes acquisitions and investments. However, industry analysts suggest that Ultratech Cement also has expansion plans, and Ambuja Cements may take longer to surpass their capacity.

Reliance Group’s ₹17,600 crore fundraising strategy set to offer capital for their expansion plans | Mint

Livemint

Livemint · 10m ago

Reliance Group’s ₹17,600 crore fundraising strategy set to offer capital for their expansion plans | Mint

- Reliance Group companies, Reliance Infrastructure Ltd and Reliance Power Ltd, are set to implement their growth strategies with a fundraising of ₹17,600 crore and zero-debt status. - The companies have recently raised ₹4,500 crore through preferential issues of equity shares and ₹7,100 crore from Varde Partners through equity-linked long-term FCCBs. - An additional ₹6,000 crore will be raised through qualified institutional placement (QIP), with each company targeting ₹3,000 crore. - Shareholder approvals are expected by the end of the month for the resolutions that are in place. - With a conservative debt-to-equity ratio of 70:30, the fundraising will provide a total investment outlay of ₹50,000 crore for future business plans over the next few years.

Jefferies foresees record EBITDA for Adani Airport

Thehindubusinessline

Thehindubusinessline · 1y ago

Jefferies foresees record EBITDA for Adani Airport

US investment bank Jefferies has initiated coverage on Adani Enterprises, predicting a record annual EBITDA growth of 47% over the next four years for the company's airport business. Adani Airport Holdings, which operates seven airports in India with an eighth coming, is the most likely candidate for listing. Jefferies notes that airports in India are a lucrative business, benefiting from under-penetrated Indian aviation growth and non-aero revenue streams such as retail and concessions. Adani Airport also plans to develop high-yielding businesses and real estate projects at its airports. Jefferies has set a one-year price target of INR 3,800 per share for Adani Enterprises.

Celebi India mulls to invest around $80 mn in next 4 years: Murali Ramachandran

Livemint

Livemint · 1y ago

Celebi India mulls to invest around $80 mn in next 4 years: Murali Ramachandran

Celebi Aviation Holdings, a ground handling services and cargo operation provider, plans to invest approximately $80 million in India over the next four years. The company aims to expand its presence to more airports and enhance its cargo capacity. Celebi also intends to transition to an all-electric fleet across the airports it currently operates in. With existing investments of around $250 million, Celebi India provides ground handling services at nine airports and conducts cargo operations at Delhi airport through a joint venture. The company is eyeing business opportunities at upcoming airports and is open to participating in the tender process for Kolkata airport.

Air India partners with BIAL to develop Bengaluru as premier aviation hub for South India

IndianStartupNews

IndianStartupNews · 1y ago

Air India partners with BIAL to develop Bengaluru as premier aviation hub for South India

Air India has partnered with Bangalore International Airport Limited (BIAL) to establish Bengaluru as a prominent aviation hub in southern India. The agreement aims to enhance international connectivity, operational efficiency, and passenger experience over the next five years. The collaboration involves Air India, AI Express, and Vistara, with plans to strengthen the network and establish a dedicated domestic lounge for premium travelers. In addition, Air India has signed an MoU with the Karnataka government to develop maintenance, repair, and overhaul facilities at Bengaluru's Kempegowda International Airport, projected to generate over 1,200 new job opportunities.

Welspun One raises Rs 2,275 Cr for second fund to build warehousing assets

YourStory

YourStory · 1y ago

Welspun One raises Rs 2,275 Cr for second fund to build warehousing assets

Welspun One, an integrated fund and development management platform, has raised INR 2,275 crore from various investors for its second fund. The company plans to use the capital to develop warehousing properties. The fund has already committed 40% of its investible capital to four investments and aims to commit the rest over the next 3-4 quarters. This will add 8 million square feet to Welspun One's existing portfolio of 10 million square feet, with a total project outlay of around $1 billion. The focus of the fund is on new-age warehousing assets such as urban distribution centers and cold chains.

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