Adani Enterprises Ltd (AEL) is planning a major expansion in its infrastructure portfolio, with a strong focus on airports. The company will invest about ₹17,000 crore in its airport business as part of a broader ₹40,000 crore capital expenditure plan for FY27.
According to company officials, the airport segment will account for more than 42% of the total capex. This includes ongoing expansion work and new development projects such as a terminal in Ahmedabad, which is expected to be ready ahead of the Commonwealth Games 2030.
AEL’s Chief Financial Officer Jugeshinder Singh said the company is targeting similar capex levels next year and has nearly met its investment goals this year. He added that airport development remains a key priority as passenger traffic continues to grow.
A major focus area is the Navi Mumbai International Airport, where expansion work is being fast-tracked due to rising traffic expectations. Phase II of the project is expected to begin soon as demand increases across the Mumbai Metropolitan Region. The company believes the airport could reach capacity within the next 12 to 18 months, prompting accelerated development.
Alongside aviation, AEL will allocate funds to other sectors including PVC manufacturing, mining, and new energy projects such as hydrogen. The company is also investing in city-side infrastructure across several airports to improve passenger services and boost non-aeronautical revenue.
Operational performance in the airport business remains strong, with both aero and non-aero revenues showing double-digit growth. The company says its infrastructure-focused model is now generating more stable, long-term earnings, with the majority of profits coming from mature, contracted businesses.
Overall, AEL is positioning itself as a long-term infrastructure player, using sustained capital investment to drive growth and improve future cash generation.
