Adani Road Transport's two units accept bids for Rs 11.25 billion bond issue
ECONOMY & POLICY

Adani Road Transport's two units accept bids for Rs 11.25 billion bond issue

Two special purpose vehicles under India's Adani Road Transport received bids totalling Rs 11.25 billion, as reported by three bankers. The fundraising was conducted through a series of bond issuances by the two companies, aimed at securing long-term financing for infrastructure projects.

Mancherial Repallewada Road accepted bids amounting to Rs 2.37 billion, while Suryapet Khammam Road secured Rs 2.82 billion through bonds with a tenure of six years and five months, and six years and eight months, respectively. Both bonds were issued at a semi-annual coupon rate of 8.28%, indicating the interest rate payable to investors every six months.

In a separate tranche, Mancherial Repallewada Road and Suryapet Khammam Road also accepted bids worth Rs 3.31 billion and Rs 2.75 billion, respectively, through bonds with longer durations. The terms for these bonds were set at 10 years and 11 months, and 10 years and eight months, each carrying a semi-annual coupon rate of 8.08%. These longer-term bonds were intended to secure steady funding over a decade for ongoing infrastructure development.

Earlier in the day, the companies had opened the process for commitment bids, inviting interested parties to submit their offers for these bond issues.

Two special purpose vehicles under India's Adani Road Transport received bids totalling Rs 11.25 billion, as reported by three bankers. The fundraising was conducted through a series of bond issuances by the two companies, aimed at securing long-term financing for infrastructure projects. Mancherial Repallewada Road accepted bids amounting to Rs 2.37 billion, while Suryapet Khammam Road secured Rs 2.82 billion through bonds with a tenure of six years and five months, and six years and eight months, respectively. Both bonds were issued at a semi-annual coupon rate of 8.28%, indicating the interest rate payable to investors every six months. In a separate tranche, Mancherial Repallewada Road and Suryapet Khammam Road also accepted bids worth Rs 3.31 billion and Rs 2.75 billion, respectively, through bonds with longer durations. The terms for these bonds were set at 10 years and 11 months, and 10 years and eight months, each carrying a semi-annual coupon rate of 8.08%. These longer-term bonds were intended to secure steady funding over a decade for ongoing infrastructure development. Earlier in the day, the companies had opened the process for commitment bids, inviting interested parties to submit their offers for these bond issues.

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?