New Delhi: Adani Enterprises Ltd has bagged a highway project worth Rs 1,546-crore project. The company will construct six-lane highway on NH-16 in Andhra Pradesh under Bharatmala Pariyojana.
The company has bagged the project from NHAI on hybrid annuity model.
“The company led consortium has received a letter of award (LOA) from NHAI for … six laning of Vijaywada Bypass from Gollapudi to Chinnakakani including major bridge across river Krishna in Vijayawada Gundugolanu section of NH-16,” Adani Enterprises said in a filing to the BSE.
The project will be completed in 2.5 years. The total length of the highway to be six-laned will be 17.88 kilometers.