Adani Enterprises’ subsidiaries secure ₹10,238 crore-fund for Ganga Expressway Project in Uttar Pradesh
The Hindu
The Ganga Expressway in Uttar Pradesh will connect Meerut with Prayagraj
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.
The Ganga Expressway in Uttar Pradesh, which will connect Meerut with Prayagraj, will be India’s longest expressway to be implemented on Design, Build, Finance, Operate and Transfer (DBFOT) model.
Adani Enterprises’ road business CEO K. P. Maheshwari said the State Bank of India has underwritten the entire debt requirement of ₹10,238 crore for the project.
AEL’s road portfolio has grown to 18 projects with more than 6,400 lane kilometres and an asset value exceeding ₹44,000 crore spread over ten states – Uttar Pradesh, Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat, West Bengal and Odisha.
India's manufacturing PMI hit a two-year low in December 2025, reflecting declines in new orders, output, and employment.
Stock markets surge as Sensex rises 158 points to 85,346.79, buoyed by domestic buying and strong performances from key firms.
The rupee rises 6 paise to 89.92 against the dollar, trading in a narrow range amid mixed market conditions.
Shares of Chinese AI chip designer Shanghai Biren Technology more than doubled on their Hong Kong debut on Friday, kicking off the financial hub’s first listing of 2026 with a bang.
Samsung Electronics customers have praised the differentiated competitiveness of its next-generation high-bandwidth memory (HBM) chips, or HBM4
Assam CM warns tea planters of losing incentives if they resist land rights legislation for tea plantation workers.
India's PFRDA permits banks to sponsor pension funds under NPS, enhancing competition and broadening investment options.
Export of technical textiles from India saw a dip in October 2025 because of the high US tariffs on Indian goods
Vodafone Idea faces ₹638 crore GST penalty, plans legal action after recent relief on AGR dues.
December 2025 saw a surge in auto sales in India, with Maruti Suzuki leading 22% YoY growth amidst strong demand.
GST collections rose 6.1% to ₹1.74 lakh crore in December 2025.
The rupee fell 10 paise to close at 89.98 against the U.S. dollar amid foreign fund outflows and weak equities.
ATF prices drop 7.3% while commercial LPG rates rise by ₹111 per cylinder in monthly fuel price revisions.