Mumbai Airport has issued an official clarification addressing widespread industry concerns about cargo operations during planned infrastructure works. The airport operator has denied reports of a complete cargo shutdown, stating that cargo movement at Chhatrapati Shivaji Maharaj International Airport (CSMIA) will continue during airside infrastructure development between August 2026 and May 2027.

Official Airport Response

In a detailed statement, the airport operator directly addressed industry concerns: "Reports suggesting a closure of cargo operations from August 2026 to May 2027 at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai, are incorrect."

The operator clarified that while dedicated freighter operations will be suspended, overall cargo movement will continue through alternative arrangements. The infrastructure works will include runway recarpeting, construction of a new taxiway, and reconstruction of Apron G, which has reached the end of its operational life.

Cargo Operations Continuity Plan

The airport operator emphasized that cargo operations will not cease entirely during the construction period. According to the statement, "Only dedicated cargo freighter operations will be suspended during this period, while overall cargo movement continues seamlessly, with approximately 65% of volumes handled through belly cargo on passenger flights."

Navi Mumbai Airport Solution

Adani Airports, as operator of both CSMIA and the upcoming Navi Mumbai International Airport (NMIA), has positioned NMIA as the solution for freighter operations during the construction phase. The operator stated it "remains in close engagement with freighter operators to ensure that no freighter capacity moves out of the Mumbai region."

Industry Concerns and Market Impact

Mumbai remains one of India's top two air cargo gateways, processing significant volumes across multiple sectors. The airport serves as a crucial hub for exporters and importers across Maharashtra, Gujarat, Karnataka, and Goa.

The Air Cargo Agents Association of India (ACAAI) had previously expressed deep concern over the planned suspension, warning that dismantling cargo infrastructure without alternate arrangements could severely disrupt trade operations. The association cautioned that prolonged freighter operation halts could lead to reduced uplift capacity, higher freight rates, and increased logistics costs.

Long-term Infrastructure Vision

The airport operator emphasized that infrastructure upgrades are essential for meeting long-term cargo capacity requirements while ensuring safety and operational efficiency. Recent developments include the commissioning of Taxiway M, demonstrating ongoing commitment to infrastructure enhancement.

Adani Airports has invited stakeholders to engage directly: "Adani Airports invites all stakeholders with concerns to reach out and visit our facilities to see firsthand the value these enhancements bring to trade." The operator positioned the construction works as necessary modernization to support India's growing air cargo demands while maintaining operational continuity through strategic planning.

Adani Ports & SEZ has successfully completed its acquisition of North Queensland Export Terminal (NQXT) Australia, marking a significant milestone in the company's expansion strategy. The acquisition was finalized through the allotment of equity shares on a preferential basis, following approval from shareholders and regulatory authorities. The company has simultaneously revised its FY26 financial guidance upward, reflecting the enhanced operational capacity from this strategic acquisition.

Share Allotment Details

The Finance Committee of the Board of Directors approved the allotment of 14,38,20,153 equity shares of face value ₹2.00 each to Carmichael Rail and Port Singapore Holdings Pte Ltd. This allotment was made on a preferential basis for consideration other than cash, representing the total non-cash consideration for acquiring 100% of the ordinary share capital of Abbot Point Port Holdings Pte. Ltd.

The newly allotted equity shares rank pari passu with existing equity shares of the company, providing equal rights and privileges to the holders.

Enhanced Financial Guidance for FY26

Following the successful completion of the NQXT acquisition, APSEZ has significantly enhanced its financial projections for FY26. On a pro forma basis, the company has raised its EBITDA guidance to ₹22,350-23,350 crores from the previous range of ₹21,000-22,000 crores. Additionally, cargo volume targets have been increased to 545-555 MMT from the earlier projection of 505-515 MMT.

During FY25, NQXT demonstrated strong performance with a contracted capacity of 40.00 million tonnes and delivered A$ 228.00 million EBITDA. On a pro forma basis, NQXT represents 6.00% and 7.00% of APSEZ's FY25 revenue and EBITDA respectively.

Strategic Asset Acquisition

NQXT is a natural deep-water, multi-user export terminal with a nameplate capacity of 50.00 million tonnes per annum. Located in the Port of Abbot Point in North Queensland, the terminal operates under a long-term lease from the Queensland government with 85 years remaining until 2110. The terminal serves as a critical export gateway for producers in the resource-rich Bowen and Galilee basins, with approximately 88.00% of cargo shipped to Asian countries during FY25.

Operational Excellence and Growth Impact

NQXT maintains exceptional operational and sustainability credentials with zero FY25 reportable environmental incidents and zero fatalities. The terminal demonstrates strong community engagement with 21.00% female workforce participation and 5.00% Aboriginal and Torres Strait Islander representation. The acquisition reinforces APSEZ's position as India's largest Integrated Transport Utility, operating 15 strategically located ports and terminals across India's coastlines with a current cargo handling capacity of 633.00 million tonnes per annum.