Welspun Enterprises has received provisional operation date with effect from 5 August 2020 for a road project.
The operation date is with respect to four-laning of Chutmalpur-Ganeshpur section of NH-72A and Roorkee-Chutmalpur-Gagalheri (Uttar Pradesh/ Uttarakhand) section of NH-73.
The project is executed for the National Highways Authority of India (NHAI) under hybrid annuity model (HAM).
The project completion cost is over Rs 1,070 crore. The company is entitled to receive annuity payment from NHAI every six months in accordance with the provisions of HAM concession.
This is the second HAM project completed by the company post completion of the country’s first HAM project — Delhi-Meerut Expressway Package-1.