+
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 Transport

MMRDA Targets Completion of Projects by December 2028

The Mumbai Metropolitan Region Development Authority (MMRDA) is targeting the completion of all its ongoing infrastructure projects by December 2028, a year ahead of its December 2029 deadline, Metropolitan Commissioner Dr Sanjay Mukherjee has said.Speaking at the sixth edition of the Real Estate & Infrastructure Investors' Summit (REIIS) 2026 in Mumbai, Mukherjee said the authority was developing an integrated network of roads, tunnels, sea links and Metro corridors under its broader vision of “Mumbai in 59 Minutes”.The objective is to improve east-west and north-south connectivity an..

Next Story
Building Material

High-Performance Façades Gain Ground in Indian Buildings

High-performance façades are gaining greater importance in Indian architecture as developers and architects increasingly focus on energy efficiency, thermal comfort and building performance, according to Shankar Fenestrations & Glasses.The company said modern façade systems are increasingly being considered as part of a building's overall performance strategy rather than being used primarily as aesthetic elements.High-performance glass, curtain wall systems and structural glazing can contribute to thermal regulation, solar control, daylight management and indoor comfort. Their growing ad..

Next Story
Technology

SPML Infra's 104.4 kWh BESS Battery Pack Clears Global Tests

SPML Infra has announced that its proprietary 104.4 kWh Battery Energy Storage System (BESS) battery pack has completed key international safety, performance and transportation testing and certification requirements, marking a step towards its commercial deployment.Developed under the company's own intellectual property, the battery pack has completed requirements under UL9540A, IEC 62619, IEC 63056, IEC 60730, IEC 61000-6-2, IEC 61000-6-4 and UN38.3 standards.The testing covers areas including thermal runaway safety, battery performance, system functional safety, electromagnetic compatibility..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code