The shares of this leading conglomerate with business interests in various economic areas such as mining, integrated resources management (IRM), infrastructure such as airports, roads, rail/ metro, water, data centres, solar manufacturing, agro and defence is in focus upon its subsidiary raising a USD 1 billion in financing for the Mumbai International Airport Ltd (MIAL).
With a market capitalization of Rs. 2,92,446 cr, the shares of Adani Enterprises Ltd. closed at Rs. 2,506 per equity share, up 1.4 percent from its previous day’s close price of Rs. 2,471.40.
Adani Airports Holdings Limited (AAHL), a subsidiary of Adani Enterprises Ltd, has successfully raised USD 1 billion in financing for the Mumbai International Airport Ltd (MIAL) through a project finance structure, marking India’s first investment-grade private bond issuance in the airport sector.
The deal includes an initial USD 750 million note issuance maturing in July 2029, with an option to raise an additional USD 250 million, aimed at refinancing and funding modernization, expansion, and sustainability efforts at MIAL. A key highlight of the initiative is MIAL’s commitment to achieve net zero emissions by 2029.
Led by Apollo-managed funds, the transaction saw strong participation from leading global investors, including BlackRock and Standard Chartered, reflecting international confidence in India’s infrastructure growth and Adani’s robust airport platform. The bond is expected to receive a BBB-/Stable rating, backed by MIAL’s strong cash flows and operational performance.
MIAL is a Public-Private Partnership between AAHL (74%) and Airports Authority of India (26%). It is central to Adani’s vision of integrating India’s top airports under a hub-and-spoke model, enhancing passenger and cargo infrastructure while driving aviation-linked growth. AAHL manages eight Indian airports including Mumbai and Navi Mumbai, accounting for 23% of India’s passenger traffic and 30% of cargo volume, making it the country’s largest private airport operator.
Financials of the company
The company’s operating profit rose to Rs. 14,252 crore in FY25 from Rs. 11,377 crore in FY24, with an operating profit margin (OPM) of 15%. Net profit also climbed to Rs. 8,005 crore in FY25, up from Rs. 3,335 crore in FY24. Additionally, the company has maintained a strong track record, delivering a compound annual profit growth (CAGR) of 50.41% over the past five years.
Written by Manideep Appana
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