Economic corridors: Adani bags Rs 1.2k cr Odisha highway on HAM
ROADS & HIGHWAYS

Economic corridors: Adani bags Rs 1.2k cr Odisha highway on HAM

Adani Enterprises Ltd (AEL) has secured a Rs 1,169 crore highway project in Odisha from the National Highways Authority of India (NHAI).

The contract has been secured by Adani Enterprises’ wholly-owned subsidiary Adani Road Transport Ltd (ARTL). ARTL has received a letter of award (LoA) for the development of the six-lane Badakumari-Karki Section of NH-130 CD Road, under the Raipur-Visakhapatnam Economic Corridor in Odisha on the hybrid annuity model (HAM).

Raipur–Visakhapatnam Expressway is a 464 km planned and upcoming access-controlled greenfield six-lane expressway connecting Chhattisgarh, Odisha and Andhra Pradesh.

Adani Enterprises said its bid project cost is Rs 1,169.10 crore and the construction period is two years. It further added that ARTL would continue to evaluate and bid for attractive opportunities in the transport sector, which generates value for the stakeholders.

With this project award, the Adani Group will have a total of 10 NHAI road projects under HAM, Toll-Operate-Transfer (TOT), and Build-Operate-Transfer (BOT) Toll basis in Telangana, Chhattisgarh, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, Odisha, and West Bengal.

As we have reported, Odisha has significantly scaled up its budget this year and focused on roads and bridges under its ‘Biju’ schemes.

Image Source


Also read: Odisha ups outlay to build 1,000 km roads

Also read: Bharatmala: Adani Transport bags NHAI Telangana project on HAM

Adani Enterprises Ltd (AEL) has secured a Rs 1,169 crore highway project in Odisha from the National Highways Authority of India (NHAI). The contract has been secured by Adani Enterprises’ wholly-owned subsidiary Adani Road Transport Ltd (ARTL). ARTL has received a letter of award (LoA) for the development of the six-lane Badakumari-Karki Section of NH-130 CD Road, under the Raipur-Visakhapatnam Economic Corridor in Odisha on the hybrid annuity model (HAM). Raipur–Visakhapatnam Expressway is a 464 km planned and upcoming access-controlled greenfield six-lane expressway connecting Chhattisgarh, Odisha and Andhra Pradesh. Adani Enterprises said its bid project cost is Rs 1,169.10 crore and the construction period is two years. It further added that ARTL would continue to evaluate and bid for attractive opportunities in the transport sector, which generates value for the stakeholders. With this project award, the Adani Group will have a total of 10 NHAI road projects under HAM, Toll-Operate-Transfer (TOT), and Build-Operate-Transfer (BOT) Toll basis in Telangana, Chhattisgarh, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, Odisha, and West Bengal. As we have reported, Odisha has significantly scaled up its budget this year and focused on roads and bridges under its ‘Biju’ schemes. Image Source Also read: Odisha ups outlay to build 1,000 km roads Also read: Bharatmala: Adani Transport bags NHAI Telangana project on HAM

Next Story
Infrastructure Transport

Delhi PWD Launches Comprehensive Road Repair Project

The Delhi Public Works Department (PWD) has launched a comprehensive road repair project that will simultaneously address drains, footpaths, central verges and streetlights, an official confirmed on Wednesday. This initiative marks a departure from the previous practice of tackling these works separately.The project, approved by PWD Minister Parvesh Verma, will commence in the Delhi University area.“The standard practice has been to issue separate tenders for each task, completing one before starting another. Under this comprehensive tender, roadside footpaths will be repaired alongside cent..

Next Story
Infrastructure Transport

Delhi L-G Approves Tree Removal for Nand Nagri Flyover Project

Lieutenant Governor VK Saxena has approved the transplantation and felling of 27 trees, clearing the final hurdle for the long-awaited flyover project at the Nand Nagri–Gagan Cinema junction in North East Delhi. This approval is expected to significantly ease traffic congestion and enhance connectivity in the area.The proposal, already sanctioned by the Environment Department, Chief Secretary, Environment Minister, and Delhi Chief Minister Rekha Gupta, covers a 2.16-hectare stretch along Mangal Pandey Marg designated for the flyover’s construction.The Public Works Department (PWD), respons..

Next Story
Infrastructure Energy

Serentica Secures $100M Loan for 300 MW Rajasthan Solar Project

Serentica Renewables announced on Thursday the successful financial closure of its second External Commercial Borrowing (ECB) financing, securing over $100 million in debt from global financial institutions Rabobank and Société Générale.The funds will support the development of a 300-megawatt (MW) solar power project in Rajasthan, designed to supply clean energy to Bharat Aluminium Company (BALCO), a leading Indian aluminium producer and subsidiary of the Vedanta Group.Akshay Hiranandani, CEO of Serentica Renewables, said, “This successful financial close, backed by global partners like ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?