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The Hindu
The Hindu
National
PTI

Adani Enterprises’ subsidiaries secure ₹10,238 crore-fund for Ganga Expressway Project in Uttar Pradesh

Adani Enterprises Uttar Pradesh Adani Enterprises Ltd Meerut

Adani Enterprises Ltd. on Thursday said its three wholly-owned subsidiaries have achieved financial closure for the access-controlled six-lane greenfield Ganga Expressway Project in Uttar Pradesh under public-private partnership mode.

The company in a statement said it has secured finances of ₹10,238 crore from lenders, and the concession period of the project shall be 30 years with traffic link extension provision of six years, including three years of construction period.

“Budaun Hardoi Road Private Ltd (BHRPL), Hardoi Unnao Road Private Ltd (HURPL) and Unnao Prayagraj Road Private Ltd (UPRPL) – wholly-owned subsidiaries of Adani Enterprises Ltd (AEL) – have achieved financial closure for the access-controlled six-lane (expandable to eight lane) greenfield Ganga Expressway Project (Group-II, III & IV) in Uttar Pradesh (UP) respectively on DBFOT (toll) basis under PPP mode,” it said.

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