Welspun Enterprises Secures ₹7,300 Crore Highway Project in Maharashtra
Welspun Enterprises wins MISDC project of Rs 7,300 cr
Business Standard
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Welspun Enterprises has been awarded a ₹7,300 crore ($880 million USD) project by the Maharashtra State Infrastructure Development Corporation to construct a 6-lane partially elevated highway corridor from Pune to Shirur. The project will span 29 years, including a 4-year construction period.
- 01Welspun Enterprises awarded ₹7,300 crore project for highway construction.
- 02Project duration includes a 4-year construction phase and a 29-year sub-concession.
- 03The company's order book increases to ₹18,755 crore with this project.
- 04Outstanding order book includes significant contributions from water and transportation sectors.
- 05The project aims to improve connectivity along NH-753F in Maharashtra.
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Welspun Enterprises has received a letter of award from the Maharashtra State Infrastructure Development Corporation (MSIDC) for the construction of a 6-lane partially elevated highway corridor along with road improvements from Pune to Shirur. The total project cost is ₹7,300 crore (approximately $880 million USD) and will be executed on a Design-Build-Finance-Operate-Transfer (DBFOT) toll basis. The project has a sub-concession period of 29 years, which includes a 4-year construction phase. Following this award, Welspun's outstanding order book will rise to ₹18,755 crore, enhancing its portfolio significantly. This includes ₹10,813 crore from the water sector, ₹1,791 crore from tunnel projects, and ₹6,152 crore from transportation projects, reflecting the company's diverse operational capabilities.
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This project is expected to enhance road connectivity in Maharashtra, potentially reducing travel time and improving logistics for local businesses and commuters.
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