Adani Infrastructure Wins Auction for Anil Ltd's Land Assets

29 Jun 2023 CW Team

Adani Infrastructure and Developers Pvt Ltd has won the auction for Anil Ltd's land assets. Adani Group would pay Rs 3.25 billion for 1.45 lakh square meters of land owned by Anil Ltd.

According to a National Company Law Tribunal [NCLT] judgment, Adani Infra has paid Rs 700 million so far and would pay the balance Rs 2.55 billion soon.

Adani Infra will build an ambitious real estate project on this massive land piece in Ahmedabad's Bapunagar neighborhood.

Anil Ltd's liquidation commenced in October 2018, and the process of selling off its land is currently underway. Previously, Westcoast Infraprojects Pvt Ltd offered Rs 3.75 billion for the land but was unable to make the payment, hence the auction was canceled. Adani Infrastructure and Developers Pvt Ltd was the winning bidder in the latest auction, with a price of Rs 3.25 billion.

“In its last order, NCLT asked Adani Infra to pay the remaining Rs 2.55 billion once it gets confirmation from the liquidation that the attachment by the state tax department has been lifted. We hope the transaction is completed soon,” said R D Choudhary, the liquidator of Anil Ltd.

According to section 53 of the Insolvency and Bankruptcy Code [IBC] 2016 and instructions of the NCLT's Ahmedabad bench, Adani Infrastructure and Developers Pvt Ltd shall pay Rs 325 crore to secured creditors and workers through the liquidator.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..