Welspun Enterprise Inks Agreement With NHAI


“NHAI and Welspun Sattanathapuram Nagapattinam Road Private Limited (WSNRPL), a subsidiary of Welspun Enterprises Ltd, have executed the Concession Agreement on December 3, 2018 for four-laning of Sattanathapuram to Nagapattinam section of NH-45A (New NH-332) in Tamil Nadu,” the company said in a regulatory filing to the BSE.

It said the project falls under NHDP Phase-IV and will be implemented on hybrid annuity mode (HAM) and that “WSNRPL will develop the project at a Bid Project Cost of ` 2,004.51 crore and first year O&M (operation and maintenance) cost of ` 5 crore.”

The construction period is two years and WSNRPL has received a firm sanction letter from lenders for this project, the company said in the filing.