The order was received from National Highways Authority of India (NHAI) for the six-laning of Aunta-Simaria section of NH-31 in the state of Bihar on Hybrid Annuity Model (HAM).
The company will develop the project stretch of 8.15 km at a bid project cost of Rs 1,161 crore and shall receive Rs 9.90 crore per year as O&M payments along with the annuity and interest thereon from NHAI for a period of 15 years post construction. With the award of this project, the company has built a portfolio of four HAM projects totalling to Rs 4,129 crore.
Meanwhile, the stock of Welspun Enterpriseswas trading up by 3.71% at Rs 141 per share on BSE at 1025 hours. It opened at Rs 140 per share. The stock also witnessed a spurt in volume by more than 1.19 times on Friday. It attracted total traded volume of 5,03,632 shares and traded value of Rs 712.74 lakh on NSE at 1027 hours.