Welspun Enterprises receives Completion Certificate for NHAI project; Stock dips 1.5%

15 Feb 2022 , 09:47 AM

Welspun Enterprises Limited has received a Completion Certificate in respect of the Gagalheri-Saharanpur-Yamunanagar (UP/Haryana Border) section of NH-73, hybrid annuity (HAM) project from the National Highways Authority of India (NHAI) on February 10, 2022. The Completion Cost of the project is around Rs1,388 crore.

The Company has been receiving annuity for this project since April 2021.

Out of the Company’s total HAM road portfolio of 7 projects of around Rs10,000 crore, 5 projects of Rs6,300 crore have achieved PCOD/COD and are thereby revenue-generating, the company said in a filing on Monday.

At around 9.50 am, Welspun Enterprises Ltd was trading at Rs84.60 per share down by Rs1 or 1.17% from its previous closing of Rs85.60 per share on the BSE.