NEW DELHI: Adani Enterprises on Friday stated it has gained a Rs 1,169.10 crore freeway venture in Odisha from the Nationwide Highways Authority of India (NHAI).
The contract has been gained by Adani Enterprises’ wholly-owned subsidiary Adani Highway Transport Ltd (ARTL). “ARTL has obtained a letter of award (LOA) for …growth of Six Lane Badakumari – Karki Part· of NH-130-CD Highway …underneath Raipur-Visakhapatnam Financial Hall within the State of Odisha on HAM (hybrid annuity mode),” the corporate stated in a regulatory submitting to the BSE.
The corporate stated its bid venture value is Rs 1,169.10 crore and the development interval is 2 years. It additional stated ARTL would proceed to judge and bid for enticing alternatives within the transport sector which generates worth for the stakeholders.
The group would use its immense experience and expertise of establishing complicated and mammoth infrastructure initiatives in file time and to world-class high quality requirements and likewise efficiently working them, it added.
With this venture award, Adani Group could have a complete of 10 NHAI highway initiatives underneath HAM, Toll-Function-Switch (TOT) and Construct-Function-Switch (BOT) Toll foundation in Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, West Bengal and Odisha.