Adani Enterprises arm will get LoA for freeway mission in Maharashtra | Bharat Awaz

Adani Enterprises on Thursday mentioned it has acquired a letter of award from NHAI to develop a bit of Nationwide Freeway 48 underneath the federal government’s Bharatmala Pariyojana. In a regulatory submitting, Adani Enterprises mentioned its wholly-owned subsidiary Adani Road Transport Ltd (ARTL) just lately participated within the tender invited by National Highways Authority of India (NHAI).

ARTL has acquired a letter of award (LoA) for six-laning of Kagal-Satara part of NH-48 in Maharashtra to be executed on a Construct-Function-Switch (BOT) Toll mode underneath Bharatmala Pariyojana, the corporate mentioned.

The estimated price of the 67-km mission is Rs 2,008.47 crore. The anticipated completion time is 24 months, AEL mentioned.

“With this mission award, Adani’s highway portfolio can have complete 14 tasks with greater than 5,000 lane km and asset worth exceeding Rs 41,000 crore unfold over 10 states. The portfolio has a mixture of HAM (Hybrid Annuity Mode), TOT (Toll Function Switch) and BOT kind belongings,” it mentioned.

ARTL is engaged within the enterprise of development, operation and upkeep of roads, highways and expressways. PTI ABI ABI ANU ANU