-26.05 (-1.27%) Adani Enterprises has received Letter of Award (LoA) for six laning of Kagal-Satara section of NH-48 (old NH-4) [Package - II from km 658.000 to km 725.000] in the State of Maharashtra to be executed on BOT Toll mode under Bharatmala Pariyojana. With this project award, Adani's Road Portfolio will have total 14 projects with more than 5,000 lane kms and asset value exceeding 41,000 crore spread over 10 states in India i.e. Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh. Kerala, Gujarat, West Bengal, Odisha. Uttar Pradesh, and Maharashtra. The portfolio will have mix of HAM (Hybrid Annuity Mode), TOT (Toll - Operate - Transfer) and BOT (Build –Operate -Transfer) type assets. Estimated Project cost is Rs 2008.47 crore.
Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.