Adani Wins Bid for Tamil Nadu’s ₹1,692 Cr Highway Project

Adani Road Transport has secured the bid to manage a 124-km stretch of NH-38 in Tamil Nadu under the Toll-Operate-Transfer (TOT) model. The company offered ₹1,692 crore for the four-lane Trichy-Thuvarankurichi-Madurai section. Competing bidders included IRB Infrastructure Developers (₹1,485 crore), Epic Concessions (₹1,152 crore), and Prakash Asphaltings & Toll Highways (₹876 crore).

Adani Road Transport has emerged as the highest bidder for managing a 124-kilometer stretch of National Highway 38 in Tamil Nadu, offering ₹1,692 crore under the toll-operate-transfer (TOT) model. This section includes the four-lane Trichy-Thuvarankurichi-Madurai route.

Other contenders for this project included IRB Infrastructure Developers, which bid ₹1,485 crore, Epic Concessions with ₹1,152 crore, and Prakash Asphaltings & Toll Highways at ₹876 crore. The National Highways Authority of India (NHAI) opened the financial bids recently and is expected to award the contract to Adani Road Transport following board approval.

The TOT model allows private entities to operate, maintain, and collect tolls on highway stretches for a specified period in exchange for an upfront payment to the government. NHAI has plans to monetize 86 highway stretches, covering approximately 4,912 kilometers, as part of its strategy to raise funds for infrastructure development and debt reduction.

This initiative is part of NHAI’s broader plan to monetize highway assets, aiming to raise ₹54,000 crore in the fiscal year 2025 through road asset monetization. The funds will be utilized for new infrastructure projects and to reduce existing debt, which stood at ₹2.76 trillion as of December 2024.

Adani Wins Bid for Tamil Nadu’s ₹1,692 Cr Highway Project

Adani Enterprises has secured the bid for a significant highway project in Tamil Nadu worth ₹1,692 crore. The project involves upgrading and expanding a key road stretch, further strengthening the state’s infrastructure and connectivity.

The contract has been awarded under the Hybrid Annuity Model (HAM) by the National Highways Authority of India (NHAI). This model ensures that the government and the private entity share the project cost and risks, making it a viable public-private partnership (PPP).

The project will involve the construction, expansion, and maintenance of the highway, aiming to improve traffic flow, reduce travel time, and boost regional economic development. Given Tamil Nadu’s position as an industrial and logistics hub, this highway project is expected to facilitate smoother transportation for goods and commuters.

Adani Enterprises, part of the Adani Group, has been expanding its presence in the infrastructure sector, particularly in road construction and transportation. This new project further solidifies its role in India’s infrastructure development. The company has been involved in multiple road projects across the country and continues to invest in large-scale transportation networks.

Once completed, the upgraded highway is expected to enhance connectivity between major cities and ports in Tamil Nadu, supporting economic activities in the region. The project aligns with the central government’s push to improve the national highway network and boost economic growth through infrastructure development.

With this win, Adani Enterprises reinforces its commitment to developing India’s road network, ensuring better connectivity and efficient transportation solutions for the country.

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