The agreement was finalized on July 13, 2026, following the letter of award received by the company on April 30, 2026, as stated in a regulatory filing by Welspun.
This project entails the construction of a six-lane, partially elevated highway corridor, in addition to upgrading the existing road from Km 10+600 to Km 64+000 on the Pune-Shirur section of NH-753F in Maharashtra.
The project’s minimum design length is set at 53.40 km.
The implementation will follow the Design, Build, Finance, Operate and Transfer (DBFOT) (Toll) model.
According to the regulatory filing, the sub-concession duration spans 29 years, which includes a four-year construction phase from the appointed date, with potential extensions as per the agreement’s terms.
Previously, on May 14, the company reported a solid performance in the fourth quarter, propelled by enhanced operational efficiencies, strong execution, and significant infrastructure order inflows.
Welspun recorded a consolidated net profit of ₹145.2 crore for the March quarter, marking a 44.8% increase from ₹100.3 crore in the same period last year. Revenue grew 13.8% year-on-year to ₹1,200 crore, up from ₹927 crore, while EBITDA rose 29.2% to ₹239.3 crore compared to ₹185.3 crore a year earlier.
Managing Director Sandeep Garg stated that the company anticipates a revenue growth of 15-20% moving forward, bolstered by a consolidated order book nearing ₹20,000 crore, which includes ₹5,000 crore from operations and maintenance projects.
Shares of Welspun Enterprises closed 0.16% higher at ₹615 on the NSE on July 13.
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