Home » Welspun Enterprises bets big in road sector, expands its portfolio

Welspun Enterprises bets big in road sector, expands its portfolio

Welspun Enterprises bets big in road sector, expands its portfolio

Welspun Enterprises Ltd (WEL), a subsidiary of Welspun Group, will expand its operations in the infrastructure sector by acquiring two road projects from Delhi-based MBL Infrastructures Ltd (MBL).

WEL will acquire a 49 per cent stake in two National Highways Authority of India (NHAI) awarded Hybrid Annuity Model (HAM) projects from MBL. These projects are — a four-laning of Chutmalpur-Ganeshpur section of NH-72A in Uttar Pradesh and Uttarkhand and four laning of Gagalheri-Saharanpur-Yamunanagar section of NH-73 in UP.

Comments

Leave a Reply

Your email address will not be published.