Welspun Enterprises has received completion certificate in respect of Gagalheri-Saharanpur-Yamunanagar hybrid annuity (HAM) project from the National Highways Authority of India (NHAI) on February 10, 2022. The completion cost of the project is around Rs 1,388 crore. The company has been receiving annuity for this project since April, 2021.
Out of the company’s total HAM road portfolio of 7 projects of around Rs 10,000 crore, 5 projects of Rs 6,300 crore have achieved PCOD/COD and are thereby revenue generating.
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.
