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Welspun Enterprises’ arm executes concession agreement with NHAI

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 Hybrid Annuity Mode.

WSNRPL will develop the project at a Bid Project Cost of Rs 2,004.51 crore and first year O&M cost of Rs 5 crore. The construction period is 2 years from the appointed date. WSNRPL has received a firm sanction letter from lenders for this project.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in Oil & Gas Exploration.

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