Adani Enterprises arm Adani Road Transport incorporates Badakumari Karki Road

Badakumari Karki Road will carry out the development, operation, maintenance and management of the road project in Odisha.

Apr 15, 2021 12:04 IST India Infoline News Service

Adani Enterprises Limited informed the exchanges Tuesday that Adani Road Transport Limited (ARTL), a Wholly Owned Subsidiary (WOS) of the company, has incorporated a WOS namely, “Badakumari Karki Road Private Limited” on April 12, 2021.

Badakumari Karki Road will carry out the Development, Operation, Maintenance and Management of the new project. The project involves “Development of Six Lane Badakumari - Karki Section of NH-130-CD Road from km 179+000 to km 226+500 under RaipurVisakhapatnam Economic Corridor in the State of Odisha on Hybrid Annuity Mode (Package – 0D-3)” and to do all necessary and incidental activities in this regard.

The cost of acquisition is Rs1 lakh (10,000 Equity Shares of Rs10 each).

At around 12.19 pm, Adani Enterprises Ltd was trading at Rs1114.55 per piece up Rs8.70  or 0.79% from its previous closing of Rs1,105.85 per piece on the BSE.

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