Gautam Adani's BIG move, to spend Rs 960000000000 in…, what's business plan for next 5 years?
The group, led by billionaire Gautam Adani, operates seven airports in India, including the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai. The Navi Mumbai International Airport is expected to be added to this list by October this year. Investment Strategy For Next Five Years
Jeet Adani, 27-year-old son of Gautam Adani and head of the group's airport business, told the Times of India that the company has laid out a five-year plan involving investments of Rs 95,000–96,000 crore across airport infrastructure and real estate development.
'The majority of this investment will go into the Navi Mumbai and Mumbai airports, as well as real estate developments in both locations,' Jeet Adani said. Adani Group New Terminals Plan
Adani Group also has plans to build new terminals over the next four years in cities like Ahmedabad, Jaipur, and Thiruvananthapuram, while the recently built terminal in Lucknow will be expanded. A new terminal in Guwahati is already ready and expected to become operational by October–November this year.
Jeet Adani clarified that the group has no plans to expand abroad for now. 'We see tremendous opportunities within India and don't want to dilute our focus. At the end of the day, it's about our management bandwidth and where we want to deploy capital. India is poised for significant growth over the next 10–15 years,' he said.
He also noted that 26 airports in India have already been identified for development under the Public-Private Partnership (PPP) model. Investment In Navi Mumbai Airport
Adani Group has merged Phase 1 and Phase 2 of the Navi Mumbai International Airport (NMIA) project. Instead of launching with a 1 crore passenger annual capacity (CPA), it will now begin operations with a 2 crore CPA. The airport is being developed with an investment of Rs 19,000 crore, and work on Terminal 2 has already begun.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
Investment intent of Rs 7,808cr at textile summit
1 2 3 4 5 Bhubaneswar: State govtsigned 33 memoranda of understanding with investment intent of Rs 7,808 crore and the potential to create jobs for over 53,300 people in the textile and apparel sector during the inaugural session of Odisha Tex 2025 investment summit here on Friday. Inaugurating the summit, chief minister Mohan Charan Majhi said, "Odisha is going to be the textile hub of eastern India. Odisha TEX 2025 is not just an event, it is a declaration that Odisha is ready to lead eastern India's textile revolution." The strategic move is set to transform Odisha into a hub for apparel and technical textiles, with participation from more than 160 companies, including industry giants like Page Industries, First Step Baby Wear, KPR Mills and Sportking. Among the MoUs, Hindalco Industries Limited will invest Rs 200 crore to set up apparel manufacturing units in Keonjhar and Sambalpur districts. The two units have the potential to create direct employment for 2,400 people, official sources said. Majhi announced an increase in employment cost subsidy under the Odisha Technical Textile & Apparel Policy 2022, raising it from Rs 5,000 to Rs 6,000 per month for male workers and from Rs 6,000 to Rs 7,000 per month for female workers. He announced the formation of a dedicated task force under the industries department to ensure fast-track implementation and full govt support for investors. "Odisha offers the most attractive incentive packages in the country under its Industrial Policy Resolution 2022 and the Odisha Apparel & Technical Textiles Policy 2022, backed by excellent infrastructure and governance," said the CM. Besides, two state-of-the-art textile and footwear parks with plug-and-play facilities for global standard manufacturing were launched, and modern workers' hostels to enhance industrial stability were announced. The govt also signed MoUs for skill development, enabling youth and especially women, to gain expertise in automated garmenting, textile machinery and wearable technologies. The CM also announced an ambitious vision to create over 1 lakh jobs in textiles and apparel by 2030, with plans to expand new textile clusters in Balangir, Keonjhar, Sambalpur, Jagatsinghpur, Ganjam and Cuttack. The event, organised by the state govt, attracted over 650 delegates, including global brands, leading textile and apparel companies, investors, technology providers, startups and senior govt officials. The CM also declared that Odisha Tex will become an annual event, showcasing the state's rich handloom legacy and its foray into modern textiles, apparel, and technical textiles ecosystems. Industries minister Sampad Chandra Swain, minister for handloom, textiles and handicrafts, Pradeep Bal Samant, Chief secretary Manoj Ahuja, development commissioner Anu Garg, and industries secretary Hemant Sharma, among others, were present.
Time of India
an hour ago
- Time of India
Chilla elevated road much delayed, now pillar steel found subpar
Noida: A long-delayed infrastructure project meant to ease traffic between Delhi and Noida has come under fresh scrutiny after the Noida Authority flagged the use of substandard steel in its construction. The quality of steel used in the Rs 893-crore Chilla Elevated Road, under construction by the Uttar Pradesh State Bridge Corporation Limited (UPSBCL), was flagged during a recent review by Noida Authority. The inspection revealed that a non-approved grade of steel was being used in the piling work for the project. On Friday, CEO Lokesh M expressed dissatisfaction with the UPSBCL for using substandard steel in the pillars and issued a notice to the construction agency, directing it to replace the material with the approved grade of steel. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida UPSBCL general manager Sandeep Gupta told TOI that the particular brand of steel being used is an NHAI-approved supplier listed under national specifications. "The steel used meets the required BIS standard for high-strength deformed bars used in reinforced concrete and is compliant with IRC and MORTH specifications applicable to the project," Gupta said. He added that the brand is widely accepted and used by other public sector undertakings, including the Indian Railways, UP PWD, and the Greater Noida Authority. He also said that regular third-party lab testing is conducted to verify the steel's mechanical and chemical properties, and test reports are available for review. UPSBCL, however, has assured the Noida Authority that it will discontinue use of the current steel brand. Going forward, only materials from reputed suppliers such as SAIL, TATA, RINL, or JSPL will be used for the rest of the work. While only 6% of fresh work has been completed since construction resumed in March this year, the overall progress stands at approximately 20%, including earlier work done before the project stalled in 2021. The six-lane, 5.9-km elevated corridor aims to connect the Chilla Regulator near Mayur Vihar to the Mahamaya Flyover in Noida, offering relief to thousands of daily commuters who currently face up to an hour of congestion along the Delhi-Noida Link Road. First proposed in 2012 and inaugurated by chief minister Yogi Adityanath in 2019, the Chilla elevated road has faced years of delay due to funding bottlenecks, the relocation of a GAIL gas pipeline, and the Covid pandemic. No construction took place between 2021 and early 2025. The project resumed only after MG Contractors was appointed in December 2024, having submitted the lowest bid—7% below the estimated cost. Once completed, the corridor is expected to significantly ease congestion near Film City, Sector 14A/15A, and improve access to Greater Noida, Kalindi Kunj, and Faridabad.
Time of India
an hour ago
- Time of India
Tender row at key F&CC meeting lay bare rift between office-bearers
Ludhiana: The Finance and Contracts Committee (F&CC) meeting scheduled for Friday could not be convened as senior deputy mayor Rakesh Prashar and deputy mayor Prince Johar boycotted the session at the mayor camp office, sources said. The matter has been escalated to the party high command. Over 400 resolutions aimed at the city's development were to be discussed at the meeting. However, disagreements between the mayor, senior deputy mayor, and deputy mayor put a spanner in the works. A few days ago, senior deputy mayor Prashar expressed concern about allotment of tenders by the MC for beautification of parks in Focal Point at an approximate cost of Rs 10 crore. He alleged that MC officials had flouted norms by awarding tenders using the e-mail ID of a retired executive engineer. However, officials said that they had permission from the XEN to use his ID. When mayor Inderjit Kaur called Prashar to attend the meeting, he initially insisted that clarification be sought from officials. The mayor then requested his attendance to discuss the issue with MC commissioner Aaditya Dachalwal. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Him? Sit Down Before You See What He Looks Like Now 33 Bridges Undo Upon the mayor's arrival, he inquired about cancellation of the tenders. She replied that they would hold the meeting before addressing the matter. When deputy mayor Prince Johar arrived, Prashar refused to enter the meeting venue till the issue was addressed. This prompted the mayor to tell him to do as he wished. Thereafter, both Prashar and Johar left the meeting venue. Sources said that the deputy mayor was also agitated by recent employee transfers without his approval. After their departure, the mayor attempted to approach them with the assistance of MLAs, but they remained adamant. MLAs are now expected to intervene, and a meeting has been scheduled to resolve the issue. When contacted, senior deputy mayor Rakesh Prashar said, "Officials should clarify why they opened the tenders from the ID of a retired XEN and why they gave away tenders with less savings for the department. Many tenders are given away in this manner. When we are not given answers to previous queries then what is the point in approving more resolutions?" Meanwhile mayor Inderjit Kaur denied boycott of the meeting by the deputy mayor and senior deputy mayor. "Both had some personal engagements, so they could not attend the meeting. We will fix the meeting again next week," she said. MSID:: 122905555 413 |
