Adani Airport Holdings increases borrowing limit by Rs 2,500 crore

The Adani Group has increased the borrowing limit of its airport arm — Adani Airport Holdings (AAHL) — from Rs 14,000 crore to Rs 16,500 crore to fund the expansion of its eight airports across the country.

AAHL currently manages seven functional airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. It is also building Navi Mumbai airport, which is expected to start operations by 2024-end.

AAHL's total borrowings stood at Rs 8,319.89 crore as on March 31 this year, according to its annual financial statement.

At least 90 per cent of these borrowings have been taken from other