The six-lane, access-controlled Ganga Expressway Project in Uttar Pradesh has funding thanks to Adani Enterprises Ltd.
The Ganga Expressway, which would span a total of 594 kilometers and connect Meerut and Prayagraj, will be the longest road in India. Adani Enterprises will construct 464 km, or 80% of the project, from Budaun to Prayagraj.
Three Adani Enterprises subsidiaries, BudaunHardoi Road Private Ltd (BHRPL), Hardoi Unnao Road Private Ltd (HURPL), and Unnao Prayagraj Road Private Ltd (UPRPL), have completed the greenfield project’s financial close (Group-II, III & IV).
On a layout (DBFOT) basis, the project is currently being carried out. 30 years make up the concession term.
“India is creating the roadways it requires for its growth at a record rate, and we are pleased to be supplying the essential road connections across the country, “said K P Maheshwari, CEO of Adani Enterprises’ road business.
The full $10,238 crore loan needed for the Ganga Expressway Projects (BHRPL, HURPL, and UPRPL) has been guaranteed by the State Bank of India.”
Eight projects totaling over 6,400 lane kilometers and more than 44,000 crores make up Adani Enterprises’ road portfolio.
Uttar Pradesh, Chhattisgarh, Andhra Pradesh, Telangana, Madhya Pradesh, Kerala, West Bengal, Gujarat, and Odisha are dispersed among 10 states in India.
HAM (Hybrid Annuity Mode), TOT (Toll-Operate-Transfer), and BOT (Build-Operate-Transfer) type assets are all mixed together in the portfolio.
The Adani Group’s primary business is Adani Enterprises. Its main objective is to establish new infrastructure businesses and then sell them to other publicly traded companies.
Adani Transmission, Adani Power, Adani Total Gas, Adani Green Energy, and Adani Wilmar are examples of unicorns that the company has successfully built.
The green hydrogen ecosystem, roads, data centers, airport management, and water infrastructure are at the center of the company’s newest generation of strategic business investments.
Author: Divyanshu Yadav
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