Welspun Enterprises Wins ₹7,300 Crore Highway Project in Maharashtra
Welspun Enterprises received a ₹7,300 crore LOA for a 6-lane highway project in Maharashtra. The project has a 29-year concession period. This award increases the company's order book to approximately ₹18,755 crore. The order book is diversified across Water, Tunneling, and Transportation verticals.
The project is substantial in value (₹7,300 crore) and significantly increases the company's overall order book, indicating a material positive impact on its future revenue streams and market position.
The company has secured a significant new order, which is a positive development that enhances its order book and revenue visibility.
Welspun Enterprises Limited (WEL) has received a Letter of Award (LOA) dated April 29, 2026, from Maharashtra State Infrastructure Development Corporation Limited (MSIDC) for the construction of a 6-lane partially elevated highway corridor along with the improvement of existing road from Km. 10+600 to Km. 64+000 (Pune to Shirur section of NH-753F) in Maharashtra. The project has a total cost of approximately ₹7,300 crore and will be developed on a Design, Build, Finance, Operate, and Transfer (DBFOT) Toll mode, with a sub-concession period of 29 years, including a 4-year construction period. This award significantly boosts the company's outstanding order book to approximately ₹18,755 crore (as of Q4 FY26, less execution done), an increase from the previous outstanding order book of ~₹13,341 crore as of December 31, 2025. The current order book comprises ~₹10,813 crore from the Water Vertical, ~₹1,791 crore from the Tunnel segment, and ~₹6,152 crore from the Transportation Vertical, which now includes the newly awarded Pune-Shirur project.
Mr. Sandeep Garg, Managing Director, stated that the receipt of this LOA for the Pune-Shirur Highway Project is a significant milestone, reinforcing WEL's strategic expansion in the transportation sector and reinforcing their commitment to high standards of execution and governance. He further added that this win rebalances the order book and improves revenue visibility for sustainable growth.
The trading window for dealing in the securities of the Company by Designated Persons involved in this project has been closed since April 01, 2026, and will reopen 48 hours after the declaration of audited financial results for the quarter and year ended March 31, 2026.
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Welspun Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under new orders. 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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