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

28 Apr 2025

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..