A consortium led by Adani Enterprises has won a US$175 million highway contract in Chhattisgarh from the National Highways Authority of India.
Work in Chhattisgarh, one of India’s 29 states, will be done under a 15-year Hybrid Annuity Model and take nearly two years. Chhattisgarh is heavily forested with many rivers and dramatic waterfalls,making it one of India’s major supplier of hydro-electricity.
The highways project involves four-laning a 53km stretch on the Bilaspur-Pathrapali section of the NH-111, along with construction of a paved shoulder.
The deal is the Adani Group’s first project in transport infrastructure, according to a report by India’s Business Standard newspaper.