The company has received letter of award (LoA) for hybrid annuity road project in Kerala from National Highways Authority of India (NHAI).
The order comprises six laning of Azhiyur to Vengalam section of NH-17 (New NH-66) in Kerala on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojna.
The company's bid project cost is Rs 1838.10 crore and the first year operation and maintenance (O&M) quote is Rs 8.65 crore. The construction period is 2.5 years and the operation period is 15 years.
Adani Enterprises is the flagship company of Adani Group, one of India's largest business conglomerates.
The company's net profit surged to Rs 362.37 crore in Q2 September 2020, compared with Rs 49.50 crore in Q2 September 2019. Revenue from operations stood at Rs 9,126.42 crore in Q2 FY21, rising nearly 8% from Rs 8,464.19 crore in the same period last year.
The scrip rose 0.14% to Rs 537.65. It traded in the range of 528.20 and 541 so far during the day.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.