Receipt of Letter of Award (LOA) from National Highways Authority of India (NHAI)

Adani Road Transport Limited (“ARTL”) has received Letter of Award (LOA) for road project in the state of Maharashtra under Build-Operate-Transfer (“BOT”) Toll mode from NHAI.

The project is six laning of Kagal-Satara section of NH-48 (old NH-4) (Package – II KM 658 to KM 725). The estimated project cost is Rs 2,008.47 crore with a construction period of 2 years under Bharatmala
Pariyojana.

With this project award, Adani’s Road Portfolio will have total 14 projects with more
than 5,000 lane kms and asset value exceeding 41,000 Crore spread over 10 states in
India i.e. Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh. Kerala, Gujarat,
West Bengal, Odisha. Uttar Pradesh, and Maharashtra. The portfolio will have mix of
HAM (Hybrid Annuity Mode), TOT (Toll – Operate – Transfer) and BOT (Build -Operate
-Transfer) type assets.

Adani Road Transport Limited (“ARTL”), a wholly owned subsidiary of Adani
Enterprises Limited (“AEL”), is engaged in the business of Construction, Operation and
Maintenance of Roads. Highways, Expressways and is focused on building road
infrastructure in the country, in line with Adani Group’s vision of contributing to
nation building.