Gautam Adani Meets Karnataka Chief Minister After Tunnel Road Bid
ROADS & HIGHWAYS

Gautam Adani Meets Karnataka Chief Minister After Tunnel Road Bid

Gautam Adani, chairman of the Adani Group, met Karnataka chief minister DK Shivakumar at the chief minister’s residence in Sadashivanagar, Bengaluru, on August 23, sources told Moneycontrol. Visuals showed the chief minister seeing him off and sources said the chairman had called en route to the airport after visiting the Art of Living centre.

The meeting coincided with Adani Enterprises emerging as the lowest bidder for both packages of a proposed 16.75 km tunnel road between Central Silk Board and Hebbal, with financial bids opened by Bengaluru Smart Infrastructure Ltd in December 2025. The state government had estimated the total project cost at Rs 176.98 bn, while Adani Enterprises quoted Rs 222.67 bn, about Rs 46.00 bn higher than the estimate.

The contract has not yet been awarded and officials said the file was forwarded to the state government by the special purpose vehicle B-SMILE on May 29. Cabinet approval has become necessary because the quoted bid value exceeds the permissible variation from the approved estimate, officials added. The chief minister described the engagement as a courtesy call and indicated that no substantive matters were discussed, while opposition figures criticised the meeting and alleged inconsistent positions at the national and state level. Senior BJP leader R Ashoka questioned the propriety of the interaction and party MP Tejasvi Surya has opposed the tunnel road and pursued legal remedies in the Karnataka High Court.

The proposed tunnel road is to be implemented under a modified Build, Own, Operate and Transfer model with the state providing viability gap funding and funding 40 per cent of the project cost. The private concessionaire would be expected to recover its investment through a concession mechanism over 30 years. The project is regarded as one of the chief minister’s priorities and has faced sustained opposition from citizen groups and urban mobility experts despite official backing. Adani Group already maintains a significant presence in Karnataka through investments in renewable energy, cement manufacturing and food processing and by operating the Udupi thermal power plant and Mangaluru International Airport.

Gautam Adani, chairman of the Adani Group, met Karnataka chief minister DK Shivakumar at the chief minister’s residence in Sadashivanagar, Bengaluru, on August 23, sources told Moneycontrol. Visuals showed the chief minister seeing him off and sources said the chairman had called en route to the airport after visiting the Art of Living centre. The meeting coincided with Adani Enterprises emerging as the lowest bidder for both packages of a proposed 16.75 km tunnel road between Central Silk Board and Hebbal, with financial bids opened by Bengaluru Smart Infrastructure Ltd in December 2025. The state government had estimated the total project cost at Rs 176.98 bn, while Adani Enterprises quoted Rs 222.67 bn, about Rs 46.00 bn higher than the estimate. The contract has not yet been awarded and officials said the file was forwarded to the state government by the special purpose vehicle B-SMILE on May 29. Cabinet approval has become necessary because the quoted bid value exceeds the permissible variation from the approved estimate, officials added. The chief minister described the engagement as a courtesy call and indicated that no substantive matters were discussed, while opposition figures criticised the meeting and alleged inconsistent positions at the national and state level. Senior BJP leader R Ashoka questioned the propriety of the interaction and party MP Tejasvi Surya has opposed the tunnel road and pursued legal remedies in the Karnataka High Court. The proposed tunnel road is to be implemented under a modified Build, Own, Operate and Transfer model with the state providing viability gap funding and funding 40 per cent of the project cost. The private concessionaire would be expected to recover its investment through a concession mechanism over 30 years. The project is regarded as one of the chief minister’s priorities and has faced sustained opposition from citizen groups and urban mobility experts despite official backing. Adani Group already maintains a significant presence in Karnataka through investments in renewable energy, cement manufacturing and food processing and by operating the Udupi thermal power plant and Mangaluru International Airport.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code