India-based infrastructure company Adani Road Transport (ARTL) has secured a contract for a road project in Telangana from the National Highways Authority of India (NHAI).

The hybrid annuity mode (HAM) project involves four-laning a 31.8km stretch of the NH-365A road from Kodad to Khammam.

The Rs10.39bn ($143m) contract was awarded to the company under Bharatmala Pariyojana, a centrally funded road and highways project of the Indian Government.

The project’s construction period is to last two years, while its operation period will last 15 years.

This is the eighth contract to be awarded to Adani Group by NHAI under HAM and toll-operate-transfer (TOT) in Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala and Gujarat.

A subsidiary of Adani Group, ARTL said it will continue to evaluate and bid for attractive opportunities in the transport sector, which generates value for the stakeholders.

Last month, the Government of India gave in-principle approval for the construction of a 340km regional ring road (RRR) in Telangana.

The new RRR is aimed at further developing districts surrounding Hyderabad, the state’s capital city.

The RRR will be located around 30km to 40km away from the existing outer ring road (ORR) and will connect nearly 20 developing towns.

It is estimated to cost Rs170bn ($2.3bn) and will be built in two parts, namely North and South.

The Northern part will cover a distance of 158km, which will connect the towns of Sangareddy, Narasapur, Toopran, Gajwel, Yadadri, Pragnapur, Bhongir and Choutuppal. It will incur an investment of Rs75.61bn ($1.045bn).