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.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..