Adani Enterprises (AEL), Ahmedabad based diversified company on January 14 announced that it has bagged Hybrid Annuity Road Project from National Highways Authority of India (NHAI) amounting worth Rs 18,381 million.

The work order includes six laning of Azhiyur to Vengalam section of NH-17 (New NH-66) from Des. Ch. 189+200 to Des.Ch. 232+100 (Ex. Km 230+400) [except Six laning of Paloli to Moorad section from Des. Ch. 203+000 (Ex. km 201+590) to Des.Ch. 205+100 (Ex. km 203+900)] in the State of Kerala on Hybrid Annuity Mode (HAM) under Bharatmala Pariyojna.

AEL would continue to evaluate and bid for attractive opportunities in transport sector which generates value for the stakeholders.

The Group would use its immense expertise and experience of setting up complex and mammoth infrastructure projects in record time and to world class quality standards and also successfully operating them.

With this project, Adani Group will have total six NHAI road projects under HAM in the states of Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh and Kerala.

Shares of the company declined Rs 1, or 0.19%, to trade at  Rs 535.90.  The total volume of shares traded  was  113,722 at the BSE (12.10 p.m., Thursday).