Latest news with #AdaniAirports
India Gazette
6 days ago
- Business
- India Gazette
Adani Airports clinches USD 750 mn global financing to power next phase of growth
Ahmedabad (Gujarat) [India], June 4 (ANI): Adani Airports has raised USD 750 million via External Commercial Borrowings (ECB) from a consortium of international banks, says the company in a statement on Wednesday. The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. The proceeds will be used to refinance existing debt, invest in infrastructure upgrades, and capacity expansion across the six airports operated by the group viz. Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. The non-aeronautical businesses like Retail, F&B, Duty Free and services across the airport network will be scaled up. As per the company, Adani Airports has served 94 million passengers in FY 2024-25 with an overall capacity of 110 million passengers, further, it aims to triple capacity to 300 million passengers per annum by 2040 through phased development. As part of this roadmap, the Navi Mumbai International Airport is expected to be operational shortly, adding 20 million passengers in the first phase, with capacity expanding up to 90 million annually in a phased manner, significantly boosting the Mumbai region's aviation infrastructure. 'The trust placed in us by leading global financial institutions underscores the long-term value and potential of India's aviation infrastructure. AAHL is well on its path to deliver exceptional customer experiences, leveraging technology for seamless operations, and prioritising sustainability and community engagement across its airport network,' said Arun Bansal, CEO of AAHL. He further added, 'As we continue our journey, AAHL remains committed to being the Gateway to Goodness, delivering customer-centric solutions and building world-class airport infrastructure that sets global benchmarks in service and sustainability'. Adani Airports was incorporated in 2019 as a 100 per cent subsidiary of Adani Enterprises Ltd, the flagship company of the Adani Group. In line with its vision to be the global leader in integrated infrastructure and transport logistics, the Adani Group made its maiden venture into the airports sector by emerging as the highest bidder for the operation, management, and development of the above mentioned six airports and have signed concession agreements with the Airports Authority of India to develop all six airports. (ANI)
Business Standard
02-05-2025
- Business
- Business Standard
Adani ENT jumps as Q4 PAT zooms 753% to Rs 3,844 crore
Adani Enterprises added 1.92% to Rs 2341.90 after the company's consolidated net profit spiked 753.32% to Rs 3,844.91 crore in Q4 FY25 as against Rs 450.58 crore reported in Q4 FY24. Revenue from operations declined 7.58% to Rs 26,965.86 crore in Q4 FY25 from Rs 29,180.02 crore recorded in the same period a year ago. Profit before tax from continuing operations was at Rs 5,258.73 in Q4 FY25, zoomed 657.46%, comapared with Rs 694.24 crore posted in Q4 FY24. EBIDTA for the quarter stood at Rs 4,346 crore, up 19% from Rs 3,646 crore posted in Q4 FY24. Cash Accruals tumbled 28% YoY to Rs 1,190 crore in Q4 FY25. During the quarter, Adani Airports handled 23.1 million passengers, 1,53,000 air traffic movements (ATM) (up 3% YoY), and cargo stood at 2.7 lakh metric tons. In the Adani New Industries (ANIL) Ecosystem business, solar module sales rose 59% YoY to 4,263 MW, driven by improved EBITDA margins due to better realizations and operational efficiency. Additionally, wind turbine manufacturing capacity expanded to 2.25 GW (450 sets per annum), with four listed WTG models now available. In the Data Center business, Phase II of the Hyderabad Data Center, with 9.6 MW C&S, is 100% complete, while MEP is approximately 38% finished. In Noida, construction has been completed for 50 MW C&S and 10 MW MEP. Meanwhile, the construction completion for Pune Data Center stands at around 78% for Pune I and 89% for Pune II in Phase I, with each having a capacity of 9.6 MW. Under Adani Airports Holdings, the company added 12 new routes and 8 new flights in Q4 FY25. Additionally, Mumbai Airport was awarded the outstanding achievement Diamond Rating for emission reduction by the global energy and environment foundation. In Mining Services, the Parsa coal block commenced operations and successfully made its first customer delivery. On a full year basis, the companys net profit rallied 119.05% to Rs 7,099 crore on 1.52% rise in revenue from operations to Rs 97,894.75 crore in FY25 over FY24. Gautam Adani, chairman of the Adani Group, said, At Adani Enterprises, we are building businesses that will define the way forward for India's infrastructure and energy sector. Our robust performance in FY25 is a direct outcome of our strengths in scale, speed, and sustainability. Impressive growth across our incubating businesses reflects the power of disciplined execution, future-focused investments, and a commitment to operational excellence, innovation, and sustainability. As we scale up in energy transition, airports, data centers, and mining services, we are creating new market leaders that will drive India's growth story for decades to come. Each success across our incubation spectrum accelerates our mission to create long-term value and catalyzes India's emergence as a global economic powerhouse. In FY25, our consolidated revenue increased by 2% to Rs. 1,00,365 crore, with EBITDA rising by 26% to Rs. 16,722 crore, driven by continued strong operational performance from our incubating businesses. PBT grew by 16% to Rs. 6,533 crore, and AEL recognized an exceptional gain of Rs. 3,946 crore from the AWL stake sale. Additionally, AELs rating was upgraded to AA-/Stable by CARE and ICRA. In Q4 FY25, ANIL initiated the expansion of its solar cell and module lines for an additional 6 GW capacity, with financial closure secured. The ANIL wind business expanded its capacity to 2.25 GW, offering a mix of 5.2 MW, 3.3 MW, and 3.0 MW WTG models. AdaniConnex completed the construction of the Noida data center, making it operational with an initial 10 MW capacity. In Mining Services, the Parsa coal block commenced operations and successfully made its first customer delivery. Meanwhile, the board has recommended dividend of Rs 1.30 per equity share of face value of Rs 1 each fully paid up for the financial year 2024-25, subject to approval by shareholders of the company at the ensuing annual general meeting (AGM). The company has fixed Friday, 13th June, 2025 as record date for the purpose of determining entitlement of the members of the company. Further, the board has approved the raising of funds through the issuance of equity shares with a face value of Rs 1 each, and/or other eligible securities, or any combination thereof (hereinafter referred to as securities), for an aggregate amount not exceeding Rs 15,000 crore or an equivalent amount, via permissible methods including, but not to, private placement, qualified institutional placement, preferential issue, or any other method permitted under applicable laws. This is subject to receiving necessary approvals, including approval from the members at the upcoming annual general meeting (AGM) scheduled for Tuesday, 24th June 2025, as well as any other regulatory or statutory approvals required. Adani Enterprises (AEL) is the flagship company of Adani Group, one of India's largest business conglomerates. The company's business investments are centered on the fields of airport management, technology parks, roads, data centers, and water infrastructure.
Gulf Today
10-02-2025
- Business
- Gulf Today
India's business tycoon Adani pledges Rs100 billion in social donation at his son's wedding
On his visit last month to the Maha Kumbh Mela, Gautam Adani had said that his son's wedding would be conducted in a "simple and traditional way." Staying true to his word, and also ending all rumours and speculation that his son Jeet Adani's wedding would be a lavish and spectacular affair, the billionaire industrialist not only kept the wedding simple but also donated Rs 10,000 crore (Rs100 billion). This distinctive wedding gift from one of the richest men in the world will be channelled into various social causes. Sources close to him said that Gautam Adani's cause list for his sizeable donation has been shaped by his social philosophy of 'Seva sadhana hai, seva prarthana hai, aur seva hi parmatma hai." The larger part of his donation is expected to go into funding massive infrastructure initiatives in healthcare, education and skill development. These initiatives will focus on giving all sections of society access to a network of affordable world-class hospitals and medical colleges, affordable top-tier K-12 schools and advanced global skill academies with assured employability. On the occasion of the wedding of his younger son, Gautam Adani posted on X (formerly Twitter): "Parampita parmeshwar ke ashirwad se Jeet aur Diva aaj vivah ke pavitra bandhand mein bandh gaye. Yeh vivah aaj Ahmedabad mein priyejano ke beech paramparik reeti-rivajon aur shubh mangal bhav ke saath sampann hua." "Yeh ek chota aur atyant niji samaroh tha, isliye ham chah kar ke bhi sabhi shubhchintakon ko amantrit nahi kar sake, jiske liye main kshamaprarthii hoon." "Main aap sabhi se beti Diva aur Jeet ke liye sneh aur ashish ka hridya se akanshi hoon." Interestingly, in the tweet, he addressed his daughter-in-law as "daughter Diva.' At the Belvedere Club in Ahmedabad's Adani Shantigram township this afternoon, Jeet Adani married Diva, daughter of diamond trader Jaimin Shah. According to family insiders, the wedding was a simple affair, with the usual religious rituals followed by a traditional Gujarati ceremony attended only by close relatives and friends. Conspicuous by their absence were politicians, business leaders, diplomats, bureaucrats, film stars, entertainers and other celebrities. Jeet Adani currently serves as Director at Adani Airports, managing six international airports and overseeing the building of a seventh in Navi Mumbai. Jeet is an alumnus of the University of Pennsylvania's School of Engineering and Applied Sciences. Just two days before the wedding, Gautam Adani announced 'Mangal Seva', a programme to support newly married women with disabilities. To begin with, every year, 500 such women will be provided financial assistance of Rs 10 lakh each. Jeet Adani met 21 newly married 'divyang' women and their husbands to launch this initiative. The Chairman of the Adani Group took to X (formerly Twitter) to express his joy that Jeet and Diva are starting the first chapter of their journey with a virtuous resolution.
