Several investors, including KKR, CDPQ, Cube Highways, and IRB Infrastructure Developers, have shown interest in acquiring a 361 km-long highway asset under ToT 12 auctions by the National Highways Authority of India (NHAI). The bids for NH26 s Lalitpur-Lakhnadon stretch in Madhya Pradesh have been submitted and await technical evaluations. Meanwhile, the 82 km-long Allahabad Bypass has received only one bid from Cube Highways under the ToT 11 auction.
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NHAI raises ₹600 crore more than the reserve price for TOT-5, Adani and DP Jain Infra set to bag contracts
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NHAI raises ₹600 crore more than the reserve price for TOT-5, Adani and DP Jain Infra set to bag contractsBy
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Adani and DP Jain Infra, who quoted the highest price in the 5A-1 and 5A-2 packages last month, are now set to bag the respective bids. NHAI at it’s board meeting on Thursday disclosed the reserve price for TOT-5. The authority received bids worths ₹2,252 crore, against a reserve price of ₹1,621 crore.
Agencies
The reserve price of 5A-1 was ₹800 crore, while that for 5A-2 was ₹821 crore, the official said.