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

22 Sep 2025

NHAI Tightens Contractor Norms to Boost Highway Quality

The National Highways Authority of India (NHAI) has revised Request for Proposal (RFP) provisions to enhance the quality of highway projects, reduce delays, and lower lifecycle costs. The updates tighten contractor qualification norms, strengthen execution compliance, and increase financial transparency, the Ministry of Road Transport and Highways (MoRTH) said on Wednesday.The stricter RFP clauses will ensure that only technically capable and experienced contractors are eligible for national highway projects. RFPs formally invite bids from contractors, specifying project requirements, terms, a..

Imphal to Gain Rail Connectivity with Jiribam Line Soon

Indian Railways is advancing rapidly on the Jiribam–Imphal railway line, a landmark project set to bring train connectivity to Imphal, the capital of Manipur. The 110.625 km line falls under the administrative control of the Northeast Frontier Railway (NFR) zone.Following the recent completion of the Bairabi–Sairang rail project, which enabled services from Aizawl (Sairang), Imphal will soon join the national rail network. During his visit to Manipur on 13 September 2025, Prime Minister Narendra Modi affirmed that the government is investing Rs 22 billion in the project.Currently, a 55.36 ..

Adani to Double Colombo Terminal Capacity Ahead of Schedule

India’s Adani Group and its partners are set to double the capacity of the $840 million Colombo West International Terminal months ahead of schedule, despite relinquishing $553 million in U.S. funding, according to an executive at partner firm John Keells Holdings.The deepwater terminal, situated alongside a facility operated by China Merchants Port Holdings, highlights Sri Lanka’s strategic role in the contest for influence in the Indian Ocean between New Delhi and Beijing.The first phase of the fully automated terminal became operational in April 2025. The second and final phase is under..