Adani Enterprises wins Rs1,838.10cr Hybrid Annuity Road project from NHAI in Kerala

The construction period of the project is 2.5 years, while the operational period would be 15 years.

Jan 14, 2021 11:01 IST India Infoline News Service

Adani Enterprises on Thursday was awarded another Hybrid Annuity Road Project from National Highways Authority of India (NHAI). The company remains focused on incubating successful businesses to address the Country's growing appetite for Infrastructure.

The Adani Group-backed flagship has recently participated in a tender issued by NHAI under Hybrid Annuity Mode (HAM) and we are pleased to inform you that AEL has received a letter of award (LOA) from NHAI for a road project in the state of Kerala.

The project involves - Six Laning of Azhiyur to Vengalam section of NH-17 (New NH-66) from Des. Ch. 189+200 (Ex. km 188+000) to Des.Ch. 232+100 (Ex. km 230+400) [except Six laning of Paloli to Moorad section from Des. Ch. 203+000 (Ex. km 201+590) to Des.Ch. 205+100 (Ex. km 203+900)] in the State of Kerala on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojna.

Adani Enterprises has bid about Rs1838.10cr for the project. The construction period of the project is 2.5 years, while the operational period would be 15 years.

Adani Enterprises said, "AEL would continue to evaluate and bid for attractive opportunities in the transport sector which generates value for the stakeholders. The Group would use its immense expertise and experience of setting up complex and mammoth infrastructure projects in record time and to world-class quality standards and also successfully operating them.

With this project award, Adani Group will have total Six NHAI road projects under HAM in the states of Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh and Kerala.

On Sensex, Adani Enterprises ended at Rs532.10 per piece down 0.89%. 

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