Adani Road Transport has emerged as the highest bidder to manage a 124-km stretch of the Trichy-Thuvarankurichi-Madurai national highway (NH-38) in Tamil Nadu under the Toll-Operate-Transfer (TOT) model. The company submitted a Rs 16.92 billion offer, surpassing bids from IRB Infrastructure Developers (Rs 14.85 billion), Epic Concessions (Rs 11.52 billion), and Prakash Asphaltings & Toll Highways (Rs 8.76 billion). The National Highways Authority of India (NHAI) opened the financial bids and is expected to award the contract to the top bidder after securing approval from its board, according to a senior government official. (ET)