PSU Watch logo

| Govt to provide liquidity to exporters by fast customs, duty drawback refunds |   | SpiceXpress airlifts 55K oxygen concentrators in 3 weeks |   | PowerGrid InvIT closes at 3% premium over issue price on debut |   | Govt to launch DSF round 3 for discovered oil & gas fields on May 18 |   | 1,000 power sector employees have succumbed to COVID-19, 15,000 positive: AIPEF |  

Adani Road Transport wins two separate orders from NHAI in Odisha & West Bengal

Adani Road Transport Ltd (ARTL) has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for developing a six-lane section of NH-130-CD in Odisha

Adani Road Transport gets LoA from NHAI to build six lane highway in Odisha
Adani Road Transport gets LoA from NHAI to build six lane highway in Odisha

New Delhi: Adani Road Transport Ltd (ARTL), a wholly-owned subsidiary of Adani Enterprises, has said on Friday that it has received two separate Letters of Award (LoA) for two orders from the National Highways Authority of India (NHAI). While one pertains to the development of six-lane 'Badakumari-Karki section of NH-130-CD' road on Raipur-Visakhapatnam economic corridor in the state of Odisha, the other involves six-laning of National Corridor NH-19 from Panagarh to Palsit from 521.120 km to 588.870 km (Total design length 67.750 km) in West Bengal under Bharatmala Pariyojana to be executed on BOT-(Toll) basis, the company said in two separate regulatory filings.

For the Odisha project, Adani Group company's bid project cost is Rs 1,160.10 crore and the length of the project is 47.5 kilometres. The construction period is two years and the operation period is 15 years. The project will be undertaken under the Hybrid Annuity Mode (HAM) mode, as issued by NHAI.

NHAI's estimated project cost for the West Bengal order awarded to Adani Road Transport is Rs 2,020.93 crore. The project's length is 67.75 km and the concession period will last for 20 years, including the construction period of 2.5 years. 

"With this project award, Adani Group will have a total of 10 NHAI road projects under HAM, Toll-Operate-Transfer (TOT) and Build-Operate-Transfer (BOT) Toll basis in the states of Chhattisgarh, Telangana. Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, West Bengal and Odisha," said the company in the regulatory filing.


1. Adani Transmission to acquire Essel’s Warora-Kurnool Transmission Ltd for Rs 3,370 cr

2. Adani group gets LOA from NHAI to build four lane highway in Telangana

“ARTL would continue to evaluate and bid for attractive opportunities in the transport sector which generates value for the stakeholders. The group would use its immense expertise and experience of setting up complex and mammoth infrastructure projects in record time and to world-class quality standards and also successfully operating them,” it added.

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram & Twitter as well. Join PSU Watch Channel in your Telegram and follow us on Twitter to stay updated)