Adani Enterprises gains 2% on winning Ganga Expressway project

With a project cost of Rs 17,085.16 crore, the proposed Greenfield Ganga expressway will be India's longest expressway under PPP framework

Shares of Adani Enterprises (AEL) were up 2 per cent at Rs 1,628.85 on the BSE in Tuesday's intra-day trade after the company announced that it has received the Letter of Award (LoA) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) to implement three major stretches of the greenfield Ganga Expressway on a DBFOT (Toll) basis.

At 09:37 am, the stock was up 1 per cent at Rs 1,607.80, as compared to a 0.85 per cent rise in the S&P BSE Sensex. It had hit a record high of Rs 1,788 on November 24, 2021.

"With a project