Over Rs 19K crore capex lined up for adding airport capacity in FY24

Indian airports, which include private as well as government-run aerodromes, have set a capital expenditure (capex) target of Rs 19,587 crore for the ongoing financial year.

If achieved, this will boost passenger-handling capacities.

The seven Adani-run airports — Ahmedabad, Guwahati, Mangaluru, Lucknow, Jaipur, Trivandrum and Navi Mumbai — have set a capex target of Rs 7,426 crore for FY24. This is according to the data shared by the ministry of civil aviation.

The country has more than 140 airports.

This planned capex will assist the Indian carriers — that plan to add more than 130 planes in FY24 — to handle the country’s air traffic boom.