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
Building Material

JK Lakshmi Cement posts Rs 190.24 mn loss in Q2; revenue dips 2.2%

JK Lakshmi Cement reported a consolidated net loss of Rs 190.24 million for the second quarter ending September 30, 2024, attributing the downturn to a drop in sales realisation. This was a significant change from the previous year when the company recorded a profit of Rs 950.87 million during the same period, as indicated by JK Lakshmi Cement (JKCL), the flagship company of JK Organisation. Revenue from operations for the September quarter decreased by 2.16 per cent to Rs 12.34 billion, compared to Rs 15.74 billion in the year-ago period. Additionally, JKCL's total expenses were slightly low..

Next Story
Infrastructure Energy

Epsilon partners with S Korean firm for high-capacity Li-ion batteries

Battery material manufacturer Epsilon Advanced Materials announced that it has partnered with South Korean firm Daejoo to develop a Silicon-Graphite composite aimed at enhancing the discharge capacity of lithium-ion batteries. Under this joint initiative, the two companies have set an ambitious goal to create materials for lithium-ion batteries with a capacity of 450 - 600 mAh/g, targeting a 50 per cent increase in discharge capacity and a life span extended by thousands of cycles, according to Epsilon. As part of this collaboration, Epsilon will supply synthetic Graphite to be utilised in..

Next Story
Infrastructure Transport

Govt plans next phase of airport privatisation in 2025-26 Budget

The central government is preparing to initiate the next phase of airport privatisation and development under the public-private partnerships (PPP) model following the 2025-26 Budget, as per information from three officials familiar with the plans. According to a senior official from the Ministry of Civil Aviation, the cabinet note outlining the next phase of airport privatisation is nearly finalised and will be presented to the Ministry of Finance next week, before being forwarded for Cabinet approval. The official further indicated that the central government is keen to begin this process ..

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