Adani entity emerges lowest bidder for Jaipur Metro package
pre-market1 source ↓machine-written, see hownot a recommendation
- ADANIGREEN close
- ₹1,302
- On the day
- -0.39%
- Futures OI, short build-up
- +0.3%
- Put-call ratio
- 0.92
- Max pain
- ₹1,300
Cemindia Projects Limited, an Adani Group entity, emerged as the lowest bidder for the underground construction package of Jaipur Metro Line 2 after quoting ₹921.63 cr in the financial bids opened on 15 Oct 2026. The final contract award is still pending, but Jaipur Metro officials indicated that the package is likely to be awarded to the company. The development adds a sizeable infrastructure opportunity for the group 🏗️.
The package covers twin tunnels, an underground ramp and stations at Sanganer Police Station and Jaipur Airport. The underground section is planned to run from Pinjrapole Gaushala on Tonk Road to B2B Crossing, also on Tonk Road, passing below Jaipur Airport. Officials are also considering an additional station near Jawahar Circle. If awarded, the work would expand the group’s exposure to urban transport and underground civil construction, while the pending award means the revenue and order-book impact is not yet final.
Contract award pending is the immediate trigger for the next market reaction. Traders will watch Jaipur Metro’s formal letter of acceptance, the execution of the agreement and any clarification on the project timeline, scope or the proposed additional station. The award could also establish the start date for construction and determine when the package begins contributing to the contractor’s order book.
OI Charts data on 16 Oct 2026 showed Adani Green Energy at ₹1,302, down 0.4% on the day, with volume of 956,100 shares. Its futures open interest rose 0.3% in a short build-up, while the put-call ratio was 0.92 and max pain stood at ₹1,300 for the 27 Oct expiry. Adani Ports closed at ₹1,751, up 0.4%, with volume of 1,260,097 shares. Its futures open interest fell 0.7% in short covering; the put-call ratio was 0.70 and max pain was ₹1,740. These figures describe separate listed group companies and do not confirm direct exposure to the Cemindia package.
The source report did not disclose the expected construction schedule or project margin. Those details, along with the final award, will decide the contract’s measurable financial relevance for the group.
Source: The Times of India, 16 Oct 2026
Not investment advice. For informational purposes only.