Welspun Enterprises Limited announced that its wholly owned subsidiary, Welspun Pune Shirur Projects Limited (WPSPL), has executed a sub-concession agreement with Maharashtra State Infrastructure Development Corporation Limited (MSIDC) and the Government of Maharashtra on July 13, 2026.
This disclosure is made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and the Company's Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information.
Project Details
- Project Scope: Construction of a 6-Lane Partially Elevated Highway Corridor along with improvement of the existing road from Km 10+600 to Km 64+000 (Section: Pune to Shirur of NH-753F, Minimum Design Length 53.40 Km) in the State of Maharashtra
- Project Mode: Design, Build, Finance, Operate and Transfer (DBFOT) (Toll) Mode
- Project Value: Approximately ₹7,300 Crore
- Concession Period: Total Sub-Concession Period of 29 years (subject to extension in terms of the Concession Agreement)
- Construction Period: 4 years commencing from the Appointed Date
Additional Information
The trading window for dealing in the securities of the Company by the Designated Persons (involved in the above Project) has been closed since July 01, 2026. The trading window will re-open 48 hours after the declaration of unaudited financial results for the quarter ended June 30, 2026.
This intimation is also hosted on the Company's website at www.welspunenterprises.com.