Gautam Adani is taking Adani Group’s infrastructure capabilities to the next level, by expanding it both domestically and internationally.
One of India and Asia’s top industrialists, Gautam Adani, is now setting his sights on major investments abroad. Adani Enterprises’ flagship subsidiary, Adani Airport Holdings Limited (AAHL), recently established a new entity in the UAE, aiming to expand Adani Group’s international presence.
Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises, has launched a new entity named Celeritas International FZCO in the UAE. Celeritas International is set up with an authorized and fully paid-up share capital of 100,000 dirhams and will operate out of Jebel Ali Free Zone, reported Economic Times. Though ready for operations, Celeritas are yet to initiate its commercial activities.
Adani Acquires Stake in Celeritas
Adani Airport Holdings Limited holds a 74% stake in Celeritas, and this acquisition is free from any related party transactions, ensuring smooth and independent functioning.
In addition to Celeritas, Adani Airport Holdings’ joint venture company, April Moon Retail Private Limited, is preparing to acquire a 74% stake in Kokocart Ventures Private Limited for Rs 200 crore. This acquisition forms part of Adani Group’s strategic expansion into retail and consumer sectors.
Adani Group’s Investment Plan
Adani Enterprises, which operates the group’s airport, road, and data center businesses, has announced a significant capital expenditure plan of Rs 80,000 crore for the current fiscal year. Out of this, Rs 50,000 crore is allocated specifically for the airport business and Adani New Industries.
Adani Airports Expanding Portfolio
Adani Airports currently manages seven operational airports across India, with an eighth under construction in Navi Mumbai. The group has outlined a substantial investment plan totaling $21 billion over the next decade, aimed at strengthening its airport infrastructure portfolio and further expanding its footprint in the aviation industry.
With these strategic moves, Gautam Adani is taking Adani Group’s infrastructure capabilities to the next level, reinforcing its standing both domestically and internationally.