Adani Enterprises commits Rs 10,000-crore capex for airports business

The capex includes up-front payment of Rs 3,600 crore for 6 airports

Adani Group's flagship firm, Adani Enterprises Limited (AEL) has committed capital expenditure (capex) worth roughly Rs 10,000 crore for its airport business to be incurred over the next 7 years. AEL has also committed an investment of Rs 7,000 crore for coal and mining business during the current fiscal 2019-20. 

Part of its "next set of businesses", as stated by Adani Group chairman Gautam Adani, airport management is being run by AEL's subsidiary Adani Airports Ltd which won bids for 6 airports recently. Of these, three airports including Ahmedabad, Lucknow and Mangaluru of Airports Authority of India have been approved