Welspun Enterprises has got January 16, 2019 as appointed date from National Highways Authority of India (NHAI) for the Project entailing the 4-laning of the 62.7 Km stretch, at a bid project cost of Rs 1,048 crore. Under the concession agreement construction of the project is to be completed within 2.5 years from the appointed date and is to be maintained for 15 years from commercial operation date, post which it will be transferred to NHAI. The project has already achieved the financial closure and loans are fully disbursable.
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.