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By EquityPandit

Welspun Enterprises receives LoA from NHAI

July 6, 2018

Welspun Enterprises Ltd has bagged a contract worth over Rs.2,000 crore, from NHAI.

The company has received letter of award (LoA) for the four laning of Sattanathapuram to Nagapattinam section of NH-45A, in Tamil Nadu. The consortium led by the company 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.

Further, the company’s hybrid annuity model (HAM) portfolio now stands at over Rs.7,000 crore consisting of six projects, of which five have achieved financial closure.

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