Welspun Enterprises’ updates NHAI announcement on Ganga Bridge project

VERSAMEDI-ANJAAR (KUTCH-BHUJ) | MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Monday, Welspun Enterprises Ltd said of National Highways Authority of India (NHAI) having declared the appointed date for the Six laning of Aunta-Simaria (Ganga Bridge with approach roads).

National Highways Authority of India (“NHAI”) has declared the Appointed Date for the Project as August 30, 2018, the filing read.

The project entails the 6—laning of the 8.15 Km stretch, at a bid project cost of Rs. 1,161 crores (~11.61 billion), the filing said.

Under the Concession Agreement construction of the Project is to be completed within 42 months from the Appointed Date and is to be maintained for 15 years thereafter, post which it will be transferred to NHAI.

Announcement from the company had hit the exchanges in India on Monday, after the trading session on the India Bourses for the day had ended.


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