“The brand new technique will run parallel to the home growth technique by means of acquisition of airports being divested by the federal government, and in addition taking a look at bidding for greenfield airports,” the chief mentioned on the situation of anonymity.

Any growth will likely be funded by group firm Adani Enterprises Ltd, the chief added.

Within the first part, the Adani Group had received contracts to function, develop and handle six airports of the Airports Authority of India (AAI) in tier II cities for 50 years—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram.

It additionally acquired the GVK group’s stake within the Mumbai airport, India’s second busiest airport after the New Delhi airport. It’s now constructing a greenfield airport in Navi Mumbai by means of its holding in Mumbai Worldwide Airport Ltd (MIAL), the corporate that runs the airport in Mumbai.

Adani Airport Holdings Ltd (AAHL) holds 73% in MIAL, which, in flip, holds 74% in Navi Mumbai Worldwide Airport Ltd. With seven operational airports in its administration and growth portfolio, AAHL providers 1 / 4 of India’s passenger footfalls and a 3rd of India’s air cargo visitors.

An e mail despatched to the Adani Group for remark remained unanswered until press time.

Analysts really feel that the technique to go international won’t simply add to the underside line, but additionally assist develop finest practices for airport administration.

“It’s the proper technique for an Indian airport firm like Adani to look past India,” mentioned Mark D. Martin, the chief govt of Martin Consulting, an aviation consultancy agency. “Getting into international markets not simply provides to the underside line but additionally helps study finest practices accessible elsewhere that can be utilized in India.”

Martin added that infrastructure progress in India has not matched the tempo of progress of the nation’s aviation market. So, it’s “crucial for Indian airport firms to usher in efficiencies”.

In keeping with numbers shared by the corporate with buyers, AAHL reported ₹1,905.5 crore in income within the September quarter, as in opposition to ₹1,292.26 crore within the year-ago interval. Web revenue totalled ₹200 crore.

India’s airport possession and administration panorama has three key gamers. The largest (by way of variety of airports) is the AAI, adopted by AAHL and the GMR Group (which additionally owns and runs international airports—one in Greece and one within the Philippines.)

India has additionally seen the entry of Zürich Airport Worldwide AG, which is a marginal entity for now. It’s constructing the greenfield airport in Uttar Pradesh’s Jewar, which is able to act as a second airport for Delhi.

These airport operators are set to compete in opposition to one another throughout the subsequent part of airport divestment that the federal government is prone to announce throughout the second half of 2024 calendar yr.

As a part of a monetization plan, the federal government plans to place up 25 AAI airports for operations and administration at Bhubaneswar, Varanasi, Amritsar, Trichy, Indore and Raipur, and in addition in tier II and III cities akin to Kozhikode, Coimbatore, Nagpur, Patna and Madurai.

Whereas the Adani Group’s bids for the six airports in 2019 had been aggressive, business watchers say the bids this time could also be extra lifelike, implying decrease revenues for the federal government.