The Road business, established seven years ago, has rapidly emerged as a key player in India's road infrastructure sector. It has successfully secured a significant market share in the Road Developer category. Through strategic investments, innovative project execution, and a commitment to excellence, the Road business continues to strengthen its footprint across India's growing transportation network.

Segment Overview

Introduction

Adani Enterprises forayed into the road and highway construction sector in 2018 and has rapidly expanded its footprint, establishing itself as a key player in India's infrastructure development. Within just seven years, the Company has built a diverse portfolio of 14 road projects, spanning over 5,000 lane kilometres across Hybrid Annuity Model (HAM), Build-Operate-Transfer (BOT), and Toll-Operate-Transfer (TOT) models. Total investment in these infrastructure projects is over ₹40,000 crore, with its portfolio including prominent greenfield projects, such as the Ganga Expressway in Uttar Pradesh.

Product/Service Offerings

The Company is engaged in infrastructure development across three sectors: Road, Metro, and Railways.

Business Opportunities

India has the world’s second-largest road network, vital for 87% of passenger and 60% of freight movement. National highways, supported by programmes like Bharatmala and NHDP, are central to India's infrastructure push, with ₹18 trillion expected investment over FY 2024-28. Adani Road Transport has rapidly expanded in this space since 2018, leveraging its local presence to build national highways and expressways. These efforts are bolstered by government initiatives such as Gati Shakti and the National Infrastructure Pipeline, positioning road transport as a cornerstone of India’s growth

Business Edge

Leveraging its entrenched infrastructure businesses across diverse states in India, AEL aims to harness its local presence and project management proficiency to foster synergies for road, metro, and rail infrastructure development. The Company also actively pursues inorganic growth through strategic mergers and acquisitions, targeting assets with transparent cash flow projections and favourable valuations. Furthermore, AEL and its subsidiary, Adani Railways Transport Limited, are actively exploring opportunities in Railways Station Development Projects and the Dedicated Freight Corridor project under the PPP mode, thereby broadening their portfolio and enhancing footprint in the rail infrastructure domain.

Business Performance

Projects Completed During the Year

Projects Underway:

Sustainability Performance

At Adani Roads, our sustainability journey is driven by a balanced approach that integrates economic prosperity, environmental stewardship, social inclusivity, and robust governance. We actively enhance eco-efficiency and resource conservation, ensuring that our operations align with global sustainability standards. This year, we conducted a comprehensive double materiality assessment to evaluate the most significant sustainability impacts, risks, and opportunities, considering both financial and impact materiality. This assessment enables us to prioritise key areas that drive long-term value creation while mitigating environmental and social risks.

We have made significant progress in promoting a circular economy and advancing waste management practices. By utilising pond and fly ash from thermal power stations in road construction, we have effectively conserved topsoil and reduced our environmental footprint. Our processes are continuously optimised to enhance resource and operational efficiencies, ensuring effective implementation through real-time monitoring. To further our commitment to sustainability, we have implemented the Gensuite Benchmark software, enabling us to streamline ESG management, improve data accuracy, and enhance sustainability reporting.

Through road safety training programmes and other social initiatives, we continue to create awareness and foster a culture of safety and inclusivity. Our strong ESG governance framework ensures transparency and accountability, reinforcing our commitment to responsible business practices. We take pride in our achievements as we focus on strengthening our sustainability impact in the years ahead.

Outlook

ARTL has rapidly expanded its presence in the road and highway construction sector over the past seven years. It has strategically undertaken large-scale projects using various models such as HAM, BOT, and TOT. These models are instrumental in facilitating the development and maintenance of infrastructure projects. In addition to roads and highways, it is also focussing on metro and railways sectors, reinforcing its commitment to enhancing India’s infrastructure landscape.