Welspun Enterprises receives provisional certificate for commercial operations for NHAI road project

7 Apr 2022 , 01:33 AM

Welspun Enterprises announced the receipt of the Provisional Certificate for Commercial Operation PCOD effective 31 March 2022 from National Highways Authority of India NHAI for a length of 53763 km 7796Percentage out of total project length of 68960 km in respect of 8-laning of section of NH-1 New NH-44 from Mukarba Chowk to Panipat on BOT Toll Basis With this Welspun Infrafacility SPV a wholly-owned subsidiary of the Company is entitled to collect toll on this BOT Toll Project Out of the Companys total HAM road portfolio of 7 projects of around Rs 10000 crore 5 projects of Rs 6300 crore had earlier achieved PCODCOD With the PCOD of this BOT Toll project a total of 6 projects of Rs 8500 crore in the Companys overall road portfolio of over Rs 12000 crore are now revenue-generating