Welspun Enterprises’ wholly owned subsidiary -- Welspun Road Infra (WRIPL) and Public Works Development of Maharashtra have executed the Concession Agreement on January 10, 2019 for upgradation of Roads/ Two Laning of Roads/ Two Laning of Roads with paved shoulder under MRIP Package on Hybrid Annuity Mode (HAM) Package No. AM 2 Under Public Works Circle, Amravati in Maharashtra State.
WRIPL will develop the project at a bid project cost of Rs 1,460 crore and first year O&M cost of Rs 31.50 crore. The construction period is 2 years from the appointed date and O&M period is 10 years after commercial operation date.
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.