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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..