Adani to Acquire Maharashtra Border Checkpost Operations from Sadbhav Infra

Adani to Acquire Maharashtra Border Checkpost Operations from Sadbhav Infra

Adani Enterprises has begun the process of acquiring the network of border check posts in Maharashtra from Sadbhav Infrastructure Projects Ltd for an enterprise value of ₹1,680 crores. These 24 border checkpoints come under the Maharashtra Border Check Post Network (MBCPNL), with Adani and Sadbhav Infra reaching a definitive agreement on Monday, Aug 16.

The acquisition will be carried out by Adani Road Transport Ltd (ARTL). The company will acquire a 49 per cent stake in MBCPNL and will have the option to purchase more stake pending regulatory approvals.

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CEO of Adani Road Transport, Krishna Prakash Maheshwari said, “The multibillion-dollar profile of road assets we are executing across India encompasses a variety of business models including hybrid annuity, toll-operate-transfer, build-operate-transfer and a service fee-based network. This acquisition also strategically dovetails with the Adani Group’s formidable strength in logistics, a force-multiplying business adjacency for ARTL.”

Adani Group said that the enterprise value of ₹1,680 crores is seven times greater than its current earnings before interest, taxes, depreciation, and amortization (EBIDTA). “MBCPNL is an important gateway connecting Maharashtra with 6 neighbouring states, which covers over 20% of the commercial road traffic in India,” the company went on to say. 

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