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The Times of India
The Times of India
Business
Saurabh Sinha | TNN

Navi Mumbai Airport phase 1 by December 2024 as Adani Group achieves financial closure for the project

Adani Group Mumbai NMIA Navi Mumbai Airport NMIAL India MIAL New Delhi

NEW DELHI: The Adani Group has achieved financial closure for the Navi Mumbai International Airport (NMIA), paving way for the first phase of this awaited-for-decades project to be ready by December 2024.

Adani Enterprise subsidiary NMIA Pvt Ltd (NMIAL) has executed financing documents with State Bank of India (SBI) that will underwrite the entire debt requirement of Rs 12,770 crore for this project.

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