Intimation for signing of Sub-Concession Agreement by Welspun Pune Shirur Projects Limited, a wholly owned subsidiary of the Company
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Welspun Enterprises' wholly owned subsidiary, Welspun Pune Shirur Projects Limited (WPSPL), has signed a Sub-Concession Agreement with Maharashtra State Infrastructure Development Corporation (MSIDC) and the Government of Maharashtra on July 13, 2026. The project involves constructing a 6-lane partially elevated highway corridor from Pune to Shirur (NH-753F), spanning 53.40 km, on a Design, Build, Finance, Operate and Transfer (DBFOT) toll basis. The estimated project cost is approximately Rs. 7,300 crore, with a total sub-concession period of 29 years including a 4-year construction phase. This follows the Letter of Award received on April 30, 2026, confirming formal execution of the contract.
This is a major infrastructure win for Welspun Enterprises, with the project cost (~Rs. 7,300 crore) being substantial relative to the company's scale, providing multi-year revenue visibility through construction and toll operations. Positively signals order book strength and execution pipeline, though actual cash flows will depend on project execution milestones and toll traffic.