The Adani Group has elaborate plans to make investments worth INR 1,300 crore for the expansion of the Thiruvananthapuram Airport. This airport happens to be one of the crucial airports in the country and is responsible for handling a significant amount of India’s air and cargo traffic. With an investment worth INR 1,300 crore to be made by 2027, the Adani Group will be able to further boost the capacity of the airport. The Adani Group’s revenue generation from its airport business is also going to increase significantly. The controversies of the Adani Fraud Case will also come to an end.
Adani’s Plans for Investment
As per recent news, the Adani Group has plans to invest INR 1,300 crore for the expansion of the Thiruvananthapuram International Airport by 2027. The investments will be made in the expansion of Terminal 2 of the airport over the next three years. With the expansion of Terminal 2, the Thiruvananthapuram Airport will be able to offer world-class airport infrastructure for the passengers. It will also help ease the travelling experience of the passengers. With this investment, the Adani Group will be able to put aside the controversies of the Adani Fraud Case and build itself an excellent reputation on a global scale.
The Expansion Plans for The Airport
The current Terminal 2 has a total of 45,000 square meters capacity. It currently handles 3.2 million passengers per annum. An enhanced area of 1,65,000 square meters will allow it to handle almost 12 million passengers per annum. This will also make the terminal a multi-level curb-integrated terminal. The new terminal will come equipped with an airport plaza. It will also come with a hotel, a commercial and an administration block all under the same roof. There will be ample space available for car parking. This will enhance the experience for the visitors as well as the passengers.
The Adani Group presented the plan for the developments to be made at the Thiruvananthapuram International Airport at the TRV Growth Conclave. The conclave was attended by People’s Representatives, Government of Kerala, Official Travel, Tourism, and Trade Representatives and Airport Partners. The investment project was called Anantha which means infinite possibilities and endless in opportunities. The exact design of the new terminal which will be built by the Adani Group highlights fluidity and continuity. It also comes with cascading steps. This has been inspired by the various iconic temples of Kerala. A new air traffic controller tower and international cargo complex will also be built.
The airport will also come with a remote checking facility at the landside. The Adani Group will also create a completely new airport complex for the passengers. It is also going to make the airport one of the best airports in India.
Adani’s Presence in the Airport Sector
The Adani Group already has an enhanced presence in the airport sector of India. Even amidst the controversies of the Adani Fraud Case, the business group has taken a lot of steps which are directly aimed at ensuring that the airport sector experiences a boost. The company already has 7 airports under its control. The Navi Mumbai Airport is currently in its construction phase and is expected to be operational by March 2025. The Adani Group’s airports are managed by its wholly owned subsidiary, Adani Airport Holdings Limited.
The Adani Group has also been a part of our government’s private participation drive through which it acquired control over a majority of the country’s airports. It has plans to make more acquisitions in the upcoming part as well. The Adani Group has also currently focused on increasing its revenue generation from its non-aero business. It is planning on opening hotels, restaurants, and other facilities for travellers in and around the airports. This will not only offer the passengers a better experience but will also increase the profitability of the Adani Group’s airport business.
Conclusion
The Adani Group’s investment plans for the Thiruvananthapuram Airport will give our country’s airport sector a boost. The passengers will start experiencing an enhanced travelling experience. The global conglomerate will also be able to recover from the losses it incurred when the Adani Fraud Case was ongoing.
