Adani Enterprises bags Rs 1,838 cr highway project in Kerala

Adani Enterprises Limited (AEL) recently secured a Rs 1,838 crore Bharatmala highway project from the National Highways Authority of India (NHAI) in Kerala. The project which is under the hybrid annuity model (HAM), is a part of the Bharatmala Pariyojna. AEL had recently participated in a tender issued by NHAI under HAM and the company received a letter of award (LoA) from NHAI for the road project in Kerala. The 40.80 km project which will cost Rs 1,838 crore, pertaining to the six-laning of Azhiyur to Vengalam section of NH-17 (New NH-66) in Kerala. AEL plans to continue to evaluate and bid for attractive opportunities in the transport sector to generate for stakeholders. Image Source