India’s Adani Group has achieved financial closure for the greenfield airport project in Navi Mumbai with State Bank of India underwriting its entire 127.7 billion rupee ($1.7 billion) debt requirement, Deccan Herald reported, citing an Adani statement.
Adani last year took over the Mumbai and Navi Mumbai airport projects from the GVK Group. Jeet Adani, a Navi Mumbai director, said: “With this facility from the SBI, we have moved a step closer to providing Mumbai with another landmark utility.”
Read the full report: Deccan Herald
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