Welspun Enterprises Subsidiary Signs ₹7,300 Crore Highway Project Agreement
Welspun Pune Shirur Projects Limited has signed a sub-concession agreement for a highway project worth approximately ₹7,300 Crore. The project involves constructing a 6-lane highway from Pune to Shirur in Maharashtra, to be completed in 4 years and operated for 29 years.
The project has a substantial cost of approximately ₹7,300 Crore and a long concession period, indicating a significant impact on the company's future revenue and operations.
The execution of a significant sub-concession agreement for a large-scale infrastructure project is a positive development for the company.
Welspun Pune Shirur Projects Limited (WPSPL), a wholly-owned subsidiary of Welspun Enterprises Limited (WELENT), has executed a sub-concession agreement with Maharashtra State Infrastructure Development Corporation Limited (MSIDC) and the Government of Maharashtra (GOM) on July 13, 2026. This agreement follows the Letter of Award received on April 30, 2026.
The project involves the construction of a 6-lane partially elevated highway corridor, along with improvements to the existing road, from Km 10+600 to Km 64+000. This section covers the Pune to Shirur stretch of NH-753F, with a minimum design length of 53.40 Km, in the state of Maharashtra.
The project will be executed under the Design, Build, Finance, Operate, and Transfer (DBFOT) (Toll) mode, with an estimated project cost of approximately ₹7,300 Crore. The total sub-concession period is 29 years, which is subject to extension as per the agreement terms, including a construction period of 4 years commencing from the Appointed Date.
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Welspun Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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