Welspun Enterprises Share Price in Focus; Signs Concession Agreement for ₹7,300 Crore Highway Project

Welspun Enterprises Limited has taken a key step towards executing its major road infrastructure project in Maharashtra by signing the sub-concession agreement through its wholly owned subsidiary, as per the exchange filings. 

The agreement has been executed between Welspun Pune Shirur Projects Limited (WPSPL), the Maharashtra State Infrastructure Development Corporation Limited (MSIDC) and the Government of Maharashtra (GoM).  

Sub-Concession Agreement Executed 

WPSPL, a wholly owned subsidiary of Welspun Enterprises, signed the sub-concession agreement on July 13, 2026. 

The agreement follows the company's earlier receipt of the Letter of Award (LoA) for the highway project and marks the commencement of the implementation phase.  

₹7,300 Crore Highway Project 

The project involves the construction of a six-lane partially elevated highway corridor along with the improvement of the existing road between Km 10+600 and Km 64+000 on the Pune-Shirur section of NH-753F in Maharashtra. 

The minimum design length of the project is 53.40 km, while the estimated project cost is around ₹7,300 crore.  

DBFOT Model 

The highway will be developed under the Design, Build, Finance, Operate and Transfer (DBFOT) model on a toll basis. 

The project has a 29-year sub-concession period, including a four-year construction period commencing from the appointed date.  

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Welspun Enterprises Share Price Performance 

As of 14 July 2026, Welspun Enterprises share price was trading at ₹621.00 per share, reflecting a surge of 0.98% from the previous trading session. 

Conclusion 

The signing of the sub-concession agreement marks a significant milestone for Welspun Enterprises' ₹7,300 crore Pune-Shirur highway project. With execution now underway, the project is expected to enhance the company's road infrastructure portfolio and support long-term revenue generation through the DBFOT model.  

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