Welspun Enterprises has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for the six-laning of Aunta-Simaria (Ganga Bridge with Approach Roads) section of NH-31 in the state of Bihar on Hybrid Annuity Model (HAM). The company will develop the project stretch of 8.15 km at a bid project cost of Rs 1,161 crore, and shall receive Rs 9.90 crore / year (adjusted for inflation) as O&M payments along with the annuity and interest thereon from NHAI for a period of 15 years post-construction.
With the award of this project, the company has built a portfolio of four HAM projects totaling to Rs 4,129 crore. The construction of the first HAM project, namely Delhi-Meerut Expressway (Package I), is in full swing and has achieved physical progress of approximately 60% within nine months of commencement.
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.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
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