In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular ref. CIR/CFD/CMD/4/2015 dated September 09, 2015 and the Company’s Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information, Welspun Enterprises has informed that National Highways Authority of India and Welspun Sattanathapuram Nagapattinam Road Private Limited (WSNRPL), a subsidiary of the company, have executed the Concession Agreement on December 3, 2018 for four-laning of Sattanathapuram to Nagapattinam (Design Ch Km 123+800 to Km 179+555) section of NH-45A (New NH -332) in the State of Tamil Nadu under NHDP Phase-IV on Hybrid Annuity Mode. WSNRPL will develop the project at a Bid Project Cost of Rs 2,004.51 crore and first year 0kM cost of Rs 5 crore. The construction period is 2 years from the Appointed Date. WSNRPL has received a firm sanction letter from lenders for this project. The trading window for dealing in the securities of the company by the Insiders, as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015 is closed till Wednesday, December 5, 2018.
The above information is a part of company’s filings submitted to BSE.
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