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Published: Dec 29, 2021
Updated: Dec 29, 2021
The State Bank of India has decided to fund the Navi Mumbai International Airport project in association with a consortium of other lenders. The Adani group is set to financially close the project in the current quarter and the project will be completed by 2024. Due to Covid-related disruptions, the project cost has gone up from Rs 16,000 crore to Rs 20,000 crore, with Adani investing 25 per cent of the project cost as equity.
With a large, financially secured group like Adani leading the project, Cidco officials say they may even start the project before the scheduled commissioning date. Cidco owns a 26 per cent stake in the project.
September 30, 2025 - Combined Issue
Industry Review
VOL XVI - 22
September 16-30, 2025
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