Adani Airports vertical listing in near future after achieving certain triggers- Jeet Adani

Adani Airports vertical listing in near future after achieving certain triggers: Jeet Adani

On the bourses, Adani Group may list its airports vertical after it achieves a couple of triggers, said Jeet Adani, vice-president of Adani Enterprises Ltd and son of business tycoon Gautam Adani.

In Hyderabad, while speaking to reporters, he said that in terms of capacity, all the airports in the company’s fold are currently expanding. Last year, they have collectively registered 80 million passengers.

“First big one is obviously Navi Mumbai (airport) being operationalised and having its first stable year of operations. But that is one of the triggers,” Adani added.

Adani Airport Holdings Limited (AAHL) currently manages seven airports- Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur, Thiruvananthapuram and Mumbai. AAHL is a 100 per cent subsidiary of Adani Enterprises Ltd.

Also, the subsidiary maintains a 73 per cent stake in Mumbai International Airport Ltd.

With eight airports in its management and development portfolio, AAHL is the country’s largest airport infrastructure company. It accounts for 25 per cent of passenger footfalls and 33 per cent of air cargo traffic in India.

He announced that total air traffic numbers of all airports are already above the pre-coronavirus level. However, he has not disclosed growth projections.

The Adani Airport Holdings Limited is in the process of opening new terminals in Lucknow and Guwahati airports, he said.

Additionally, expansion projects are underway in Jaipur, Mangaluru, and Ahmedabad, said Adani.