Adani, DP Jain Infra highest bidders for NHAI’s TOT-5 auction
ROADS & HIGHWAYS

Adani, DP Jain Infra highest bidders for NHAI’s TOT-5 auction

The National Highways Authority of India (NHAI) has raised around Rs 630 crore more than the base price for its fifth round of toll operate transfer (TOT) auctions.

Last year, in September, NHAI had invited bids for the fifth TOT bundle package, its smallest ever tender for asset monetisation, without a base price, as it looked to get better price bids for its operating assets.

Separate bids were invited for the two bundles, each consisting of one national highway stretch in Gujarat. The total length of the two bundles is around 160 km.

DP Jain and Co Infrastructure and Adani Enterprises, which emerged as the highest bidders in the 5A-1 and 5A-2 packages last month, are now set to secure the respective bids.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


The bundle has been divided into two parts—5A-1 and 5A-2, and both companies quoted the highest prices, respectively. The reserve price of 5A-1 was Rs 800 crore, while that for 5A-2 was Rs 821 crore, NHAI told the media.

Adani Enterprises placed the highest bid at Rs 1,011 crore for 5A-1, while Nagpur based DP Jain and Co bid Rs 1,251 crore for the 5A-2 bundle.

NHAI has disclosed the reserve price for TOT-5. The authority received bids worth Rs 2,252 crore against a reserve price of Rs 1,621 crore.

Cube Highways, Indian Highways Concessions Trust, PATH, and IRB were the other bidders for the TOT bundles.

TOT Bundle-1 of NHAI, consisting of nine projects totalling 681 km of highways, was awarded in 2018. TOT-2 and TOT-4 were cancelled, while TOT-3 was awarded to Cube Highways for a price of Rs 5,011 crore last year.

Image source


Also read: Bids invited for the fifth bundle of highway projects

Also read: Adani Enterprises bags Rs 1,838 cr highway project in Kerala


The National Highways Authority of India (NHAI) has raised around Rs 630 crore more than the base price for its fifth round of toll operate transfer (TOT) auctions. Last year, in September, NHAI had invited bids for the fifth TOT bundle package, its smallest ever tender for asset monetisation, without a base price, as it looked to get better price bids for its operating assets. Separate bids were invited for the two bundles, each consisting of one national highway stretch in Gujarat. The total length of the two bundles is around 160 km. DP Jain and Co Infrastructure and Adani Enterprises, which emerged as the highest bidders in the 5A-1 and 5A-2 packages last month, are now set to secure the respective bids.4th Indian Cement Review Conference 202117-18 March Click for event info The bundle has been divided into two parts—5A-1 and 5A-2, and both companies quoted the highest prices, respectively. The reserve price of 5A-1 was Rs 800 crore, while that for 5A-2 was Rs 821 crore, NHAI told the media. Adani Enterprises placed the highest bid at Rs 1,011 crore for 5A-1, while Nagpur based DP Jain and Co bid Rs 1,251 crore for the 5A-2 bundle. NHAI has disclosed the reserve price for TOT-5. The authority received bids worth Rs 2,252 crore against a reserve price of Rs 1,621 crore. Cube Highways, Indian Highways Concessions Trust, PATH, and IRB were the other bidders for the TOT bundles. TOT Bundle-1 of NHAI, consisting of nine projects totalling 681 km of highways, was awarded in 2018. TOT-2 and TOT-4 were cancelled, while TOT-3 was awarded to Cube Highways for a price of Rs 5,011 crore last year. Image source Also read: Bids invited for the fifth bundle of highway projects Also read: Adani Enterprises bags Rs 1,838 cr highway project in Kerala

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000