Welspun Enterprises Limited has informed the Exchange regarding 'Receipt of Provisional Certificate for Commercial Operation ( PCOD ) for the Aunta Simaria (Ganga Bridge) Project in the State of Bihar under Hybrid Annuity Mode (HAM) ( the Project ).'.
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Welspun Enterprises' material subsidiary, Welspun Aunta-Simaria Project Private Limited, has received a Provisional Certificate for Commercial Operation (PCOD) from NHAI for the Aunta-Simaria (Ganga Bridge) project on NH-31 in Bihar. The PCOD is dated June 3, 2025, and is effective from May 15, 2025. The project involves four/six-laning of the Ganga Bridge and its approach road, covering 8.15 km under the Hybrid Annuity Mode (HAM). With PCOD in hand, the project can now move into the commercial operation phase, making it eligible to receive annuity payments from NHAI.
This is a positive operational milestone as it paves the way for the project to start generating annuity-based revenue from NHAI, improving cash flow visibility for the subsidiary and the company. It signals near-completion of the project and reduces construction and execution risk.