National Highways Authority of India (NHAI) has declared the appointed date for Welspun Enterprises’ (WEL) road project. The project is 4-Laning of Gagalheri-Saharanpur-Yamunanagar (UP/Haryana Border) section of NH-73 as February 3, 2018. The project entails the 4-laning of the 51.5 km stretch, at a bid project cost of Rs 1,184 crore.
Under the concession agreement, construction of the project is to be completed within 2 years from the Appointed Date and is to be maintained for 15 years thereafter, post which it will be transferred to NHAI. The EPC contract worth Rs 1,126 crore will be executed by WEL.
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.
