Adani Airport Holdings Set to Go Public in 2-3 Years: Report

New Delhi: Adani Airport Holdings Limited (AAHL), the airport arm of the Adani Group, is reportedly  planning to launch its initial public offering (IPO) within the next two to three years.

Jeet Adani, Director of AAHL, shared his plans in a recent interview, outlining key objectives the company must achieve before moving forward with the IPO. These include the commercialisation and stabilisation of Navi Mumbai Airport, set to begin operations next year, city-side development around the airport in 2028-29, and growth in non-aeronautical revenue, which has already tripled since the business was launched.

Adani expects that once these goals are met, AAHL's EBITDA, which currently stands at approximately $300 million, could rise to between $1 billion and $1.5 billion. "When EBITDA hits $1 billion, we will be ready for a public listing," Adani stated, adding that it will take at least two to three years to reach this milestone.

He also discussed the impact of airline consolidation in India, noting both positive and negative effects on airports. The positive aspect is the strengthening of airlines like Air India, now under the Tata Group, which boosts India's position in both short- and long-haul markets. However, the consolidation also brings increased concentration risk for airports.

In the meantime, Adani Enterprises Ltd (AEL) has seen significant growth, with its record-breaking performance in the first half of FY25, driven by AAHL and Adani New Industries Ltd (ANIL). AEL's net profit soared to Rs 3,196 crore in the first six months of FY25, marking a 2.5-fold increase compared to the previous year. The company's revenue also rose by 14% to Rs 49,263 crore in the same period.

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