Adani Enterprises bags Rs 1,169 cr highway project from NHAI in Odisha

Adani Enterprises on Friday said it has won a Rs 1,169.10 crore highway project in Odisha from the National Highways Authority of India (NHAI).

The contract has been won by Adani Enterprises’ wholly-owned subsidiary Adani Road Transport Ltd (ARTL).

“ARTL has received a letter of award (LOA) for development of Six Lane Badakumari – Karki Section· of NH-130-CD Road under Raipur-Visakhapatnam Economic Corridor in the State of Odisha on HAM (hybrid annuity mode),” the company said in a regulatory filing to the BSE.

The company said its bid project cost is Rs 1,169.10 crore and the construction period is two years.