Adani Enterprises to halt capital expenditure on new road projects

20 Feb 2023 CW Team

Before committing to any new capital expenditure, Adani Enterprises (AEL) will focus on completing its existing portfolio of road projects. It has put any new investment commitments in new road projects on hold.

The majority of its ongoing road projects are on track, with no changes to the commissioning dates. AEL was awarded the contract for the 464-kilometre Meerut-Prayagraj stretch of the Ganga Expressway in Uttar Pradesh, where it will construct three motorway clusters at a cost of Rs 230 billion. Adani Road Transport, an AEL subsidiary, invested Rs 68.26 billion in the company.

The company has 14 similar projects with road construction and maintenance of over 5,000 lane kilometres, and its under-construction projects are on track to meet deadlines. To operate these traffic corridors, the company purchased four toll roads in Gujarat and Andhra Pradesh from Macquarie Asia Infrastructure Fund in 2022 for Rs 31.10 billion.

Also read:
Deal for DB Power assets at Rs 70.17 billion by Adani Power falls
Adani Power falls in profits by 96%

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..