Further to the letter dated 19th July 2017, Welspun Enterprises has informed that the Company has received Letter of Award 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 1161 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.
The above information is a part of company’s filings submitted to BSE.
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