InfrastructureAfter close
Adani-led SPV wins ₹1,700 crore Mithi River project bid
after close1 source ↓written by the desknot a recommendation
- above the BMC
- 7.7% to 7.1%
Adani Transport, in collaboration with Ashoka Buildcon and Akshaya Construction, has emerged as the lowest bidder for the ₹1,700 crore Mithi River Rejuvenation Project Package 3. The bid was negotiated down from 7.7% to 7.1% above the BMC estimate. This project aims to enhance flood mitigation along the river stretch leading to the Arabian Sea.
The successful bid may positively impact infrastructure sentiment in the region as the project awaits administrative approval, with work expected to commence in 2026.
Not investment advice. For informational purposes only.