Welspun Enterprises has received a letter of award (LoA) from the National Highways Authority of India (NHAI) for a road project in Tamil Nadu.
The project involves four-laning of Sattanathapuram to Nagapattinam (design ch 123.800 km to 179.555 km) section of NH-45A (new NH-332) in the state under NHDP Phase-IV on hybrid annuity mode (HAM).
The consortium led by the company will develop the project at a bid project cost of Rs 2,004.51 crore and first year operations and maintenance (O&M) cost of Rs five crore.
The construction period for the road is two years from the appointed date.
The company’s HAM portfolio now stands at over Rs 7,000 crore consisting of six projects, of which five have achieved financial closure.