Adani Group today announced foray into transport infrastructure with a Rs 1,140-crore highway project won by a consortium led by its holding firm in Chhattisgarh from the National Highways Authority of India (NHAI).
The group’s flagship firm Adani Enterprises Ltd (AEL) has been exploring opportunities in the sector.
“Adani Group is pleased to announce its foray into the public transport infrastructure space, with the award of the first Hybrid Annuity Road Project from NHAI,” the company said in a statement.
The Rs 1,140 crore project won by AEL pertains to four-laning with paved shoulder of 53.3 km stretch on Bilaspur-Pathrapali section of NH-111 (New NH-130) in Chhattisgarh under Bharatmala Pariyojana on Hybrid Annuity Mode (HAM).
The statement said AEL is focused on incubating successful businesses to address the country’s growing appetite for energy and infrastructure.
“We remain committed to maintain our leadership position in the areas of resources, energy, infrastructure, agro 8- logistics businesses.
AEL has been evaluating opportunities in public transport infrastructure which holds promise of growth in next decade.
As the government is contemplating doubling the length of country’s highways to two lakh kilometre, Adani Group considers this as growth opportunity for the company,” the statement said. Read More
Latest posts by newindianexpress.com (see all)
- Second Nuclear power unit at Kudankulam shut for maintenance - October 18, 2018
- Indian Railways begins electrification of Villupuram-Thanjavur line - October 18, 2018
- Railways Seeks Central Funding For Bilaspur-Leh Project On India-china Border - October 18, 2018