The Public Works Department, Government of Maharashtra and Welspun Road Infra Private Limited ('WRIPL'), a wholly owned subsidiary of Welspun Enterprises Limited, have executed the Concession Agreement on January 10, 2019 for upgradation of Roads/ Two Laning of Roads/ Two Laning of Roads with paved shoulder under MRIP Package on Hybrid Annuity Mode (HAM) Package No. AM 2 Under Public Works Circle, Amravati in Maharashtra State.
WRIPL will develop the project at a Bid Project Cost of Rs. 1,460 crore and first year O&M cost of Rs. 31.50 crore. The construction period is 2 years from the Appointed Date and O&M period is 10 years after Commercial Operation Date.
Shares of Welspun Enterprises Ltd was last trading in BSE at Rs.108.5 as compared to the previous close of Rs. 109.6. The total number of shares traded during the day was 1682 in over 70 trades.
The stock hit an intraday high of Rs. 110.45 and intraday low of 108.45. The net turnover during the day was Rs. 184084.