Welspun subsidiary signs ₹7,300 Cr highway sub-concession

Welspun Pune Shirur Projects Limited (WPSPL), a wholly owned subsidiary of Welspun Enterprises Ltd, has executed a sub-concession agreement with Maharashtra State Infrastructure Development Corporation Limited (MSIDC) and the Government of Maharashtra (GOM). This agreement is for the construction of a 6-lane partially elevated highway corridor from Pune to Shirur (NH-753F) in Maharashtra. The project, valued at approximately ₹7,300 Crore, will be executed on a Design, Build, Finance, Operate and Transfer (DBFOT) (Toll) basis. The total sub-concession period is 29 years, including a 4-year construction phase, commencing from the Appointed Date. This follows a Letter of Award received earlier.