Adani Road Transport Ltd (ARTL) notified that it has won a ₹1039.90 crore highway project from NHAI in Telangana.”We are pleased to inform you that ARTL has received a letter of award (LOA) for four laning of NH-365A from Kodad to Khammam in the State of Telangana under Bharatmala Pariyojana on Hybrid Annuity Mode (HAM),” the company said in a BSE filing.The bid cost of the project is ₹1,039.90 crore, it further added. The construction period of the project is two years, while the operation period is 15 years, it noted.
With this project award, Adani Group will have a total of eight NHAI road projects under HAM and Toll-Operate-Transfer (TOT) in Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala and Gujarat, it added.
