Welspun Enterprises receives completion certificate for road project in Maharashtra

Welspun Enterprises has received completion certificate in respect of the Hybrid Annuity Model (HAM) project Two Laning of Road with paved shoulder under MRIP Package No. AM 2 under Public Works Circle, Amravati in the State of Maharashtra from PWD Maharashtra on July 30, 2022.

The Provisional Commercial Operation Date (PCOD) was earlier declared as November 11, 2021, with the first annuity payable six months later i.e. May 2022. The Completion Cost of the Project is around Rs 1,719.20 crore. The company has entered into definitive agreement for divestment of its holding in securities of Special Purpose Vehicles (SPVs) of operating road assets and the Project is part of the proposed divestment.

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.