welspun enterprises delhi office

Welspun Enterprises’ arm executes concession agreement with NHAI

4 Dec 2018 9:54 AM by Bhupendra Singh Chundawat

Welspun Enterprises’ subsidiary — Welspun Sattanathapuram Nagapattinam Road (WSNRPL) and National Highways Authority of India (NHAI) have executed the Concession Agreement on December 3, 2018 for four-laning of Sattanathapuram to Nagapattinam (Design Ch Km 123+800 to Km 179+555) section of NH-45A (New NH – 332) in the State of Tamil Nadu under NHDP Phase-IV on … Read more

Welspun Enterprises divests 50% stake in DBCL

26 Nov 2018 9:53 AM by Bhupendra Singh Chundawat

Welspun Enterprises has completely divested its 50% stake in Dewas Bhopal Road Corridor (DBCL) for a total consideration of Rs 184.10 crore as against its fund infusion of Rs 85.40 crore implying a multiple of 2.15x. DBCL also had an outstanding debt of Rs 317 crore at the time of the initial agreement, implying an … Read more