National Highways Authority of India and Welspun Sattanathapuram Nagapattinam Road Private Limited ('WSNRPL'), a subsidiary of Welspun Enterprises Limited, have executed the Concession Agreement on December 3, 2018 for four-laning of Sattanathapuram to Nagapattinam (Design Ch Km 123+800 to Km 179+555) section of NH-45A (New NH - 332) in the State of Tamil Nadu under NHDP Phase-IV on Hybrid Annuity Mode.
WSNRPL will develop the project at a Bid Project Cost of Rs. 2,004.51 crore and first year O&M cost of Rs. 5 crore. The construction period is 2 years from the Appointed Date. WSNRPL has received a firm sanction letter from lenders for this project.
The trading window for dealing in the securities of the Company by the Insiders, as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015 is closed till Wednesday, December 5, 2018.
Shares of Welspun Enterprises Ltd was last trading in BSE at Rs.110.5 as compared to the previous close of Rs. 112.35. The total number of shares traded during the day was 24946 in over 292 trades.
The stock hit an intraday high of Rs. 114.5 and intraday low of 110.25. The net turnover during the day was Rs. 2785629.