Adani Firm Wins Rs 1,169 Crore Highway Project In Odisha

Bhubaneswar: The National Highways Authority of India (NHAI) has awarded a highway project worth Rs 1,169.10 crore in Odisha to Adani Enterprises.

The contract for the development of the Badakumari-Karki section of NH-130 has been won by Adani Enterprises’ wholly-owned subsidiary Adani Road Transport Ltd (ARTL), the company said in a regulatory filing to the BSE on Friday.

“ARTL has received a letter of award (LOA) for …development of six lane Badakumari-Karki Section of NH-130-CD Road … under Raipur-Visakhapatnam Economic Corridor in the State of Odisha on HAM (hybrid annuity mode),” the filing said,

The company said its bid project cost is Rs 1,169.10 crore and the construction period is two years.

It further said ARTL would continue to evaluate and bid for attractive opportunities in the transport sector, which generates value for the stakeholders.

Besides this Odisha project, Adani Enterprises have nine other NHAI road projects in Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat and West Bengal.