Adani Enterprises secures funding for Ganga expressway

03 Oct 2022 CW Team

According to a company statement, the access controlled, six-lane Greenfield Ganga Expressway project in Uttar Pradesh has reached financial closure for Budaun Hardoi Road Private Ltd, Hardoi Unnao Road Private Ltd, and Unnao Prayagraj Road Private Ltd, all wholly owned subsidiaries of Adani Enterprises.

The 30-year concession term is required.
The Ganga expressway, the longest expressway in India to be built on a DBFOT basis in Uttar Pradesh, which will link Meerut and Prayagraj. AEL will develop 464 km of the expressway's total length, or 80% of its 594 km, from Budaun to Prayagraj.

“India is building at a record pace the road infrastructure it needs for its development, and we are delighted to be providing the much needed road connectivity all across the nation,” said K P Maheshwari, CEO, Road business, Adani Enterprises Ltd.

“The State Bank of India has underwritten the entire debt requirement of Rs 102.38 billion for the Ganga Expressway Projects (BHRPL, HURPL, & UPRPL). With this facility from the SBI, we have moved a step closer to providing our country and the state of UP with another landmark infrastructure,” he added.

AEL's road portfolio has grown to 18 projects totaling over 6,400 land kilometres and an asset value in excess of Rs 440 billion. Uttar Pradesh, Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, West Bengal, and Odisha are among the ten Indian states. The portfolio contains a mix of HAM, TOT, and BOT assets.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..