Adani Road Transport has emerged as the top bidder to manage a 124-km national highway stretch in Tamil Nadu under the toll-operate-transfer (TOT) model, with a Rs 1,692 crore offer.
The Adani Group company was followed by IRB Infrastructure Developers (Rs 1,485 crore), Epic Concessions (Rs 1,152 crore) and Prakash Asphaltings & Toll Highways (Rs 876 crore) for the four-lane Trichy-Thuvarankurichi-Madurai section on NH-38.
The National Highways Authority of India (NHAI) opened the financial bids on Tuesday and is expected to award the contract to the highest bidder after getting approval from its board, a senior government official told ET.
The authority, which operates under the administrative control of the ministry of road transport and highways, had auctioned TOT Bundle 15 in mid-2024.
