Adani Group is exploring the possibility of listing its airports vertical on the stock market. The decision, according to Jeet Adani, vice-president of Adani Enterprises Ltd, will be dependent on achieving certain triggers. The first major trigger mentioned was the operationalization and successful operations of Navi Mumbai airport. Adani Airport Holdings Limited (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd, currently manages seven airports in India. AAHL holds a majority stake in Mumbai International Airport Ltd, which in turn has a significant holding in the upcoming Navi Mumbai International Airport Ltd. With eight airports under its management and development portfolio, AAHL is the largest airport infrastructure company in India. It accounts for 25% of passenger footfalls and 33% of air cargo traffic in the country.

Adani Group’s airports business has been expanding and collectively recorded 80 million passengers last year. The company is currently working on the development and expansion of various airports under its management. It is also in the process of opening new terminals at Lucknow and Guwahati airports, with the completion of the Navi Mumbai airport project expected by the end of this year. Expansion projects are also underway at Ahmedabad, Jaipur, and Mangaluru airports.

Jeet Adani mentioned that the company’s growth model focuses on demonstrating independent growth before considering listing. He said that their business model is such that every business is able to show growth independently. Although growth projections were not disclosed, Adani mentioned that the total air traffic numbers of all airports are already above the pre-Covid level, indicating recovery in the aviation sector.

The article also highlighted Jeet Adani’s visit to Hyderabad for the unveiling of a locally manufactured unmanned aerial vehicle (UAV) made by Adani Defence and Aerospace for the Indian Navy.