Adani Road Transport (ARTL) has received a Letter of Award (LoA) from National Highways Authority of India (NHAI) for a road project in Maharashtra worth Rs 2,008.47 crore.
ARTL, a wholly owned subsidiary of Adani Enterprises, is engaged in the business of construction, operation and maintenance of roads. highways, expressways.
ARTL recently participated in the tender under Build-Operate-Transfer (“BOT”) Toll mode invited by NHAI. It has received LoA for the project which entails six laning of Kagal-Satara section of NH-48 (old NH4) in the state of Maharashtra. The project will be executed under Bharatmala Pariyojana.
The construction period for the 67-km long road project is expected to be 2 years from the date of appointment. The concession period will be 18 years.