InvestorQ : Is it true that the Adani Group has got highway orders from the South of India?
Lavanya Subramanian made post

Is it true that the Adani Group has got highway orders from the South of India?

Answer
image
Anamika Sodhani answered.
3 months ago
Follow

You are right that the Adani Road Transport Ltd has won a Rs.1040 crore highway project from the National Highways Authority of India or NHAI in the state of Telangana in South India. The project entails the conversion of NH-365A from Kodad to Khammam into a 4-lane highway on Hybrid Annuity Mode, which is also popularly called the HAM mode.

The total construction period for the entire project will be around 2 years and the operation period for the project will be 15 years. It may be recollected that Adani Road Transport is a 100% subsidiary of Adani Enterprises Limited. Adani Enterprise is the holding company of the Adani Group for new and innovative business ideas it has been one of the Rockstar performers in the stock markets during the current financial year.

If you add this project to the existing tally of NHAI road projects, then the Adani Group of Ahmedabad has a total of 8 NHAI road projects under hybrid annuity mode or HAM and via the toll, operate, transfer mode or TOT across the states of Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala and Gujarat.

1 Views