Welspun Enterprises secures Rs 7,300 crore Pune–Shirur project, boosting order book to Rs 18,755 crore

Yash Agarwal — Thu, 30 Apr 2026 03:09:41 +0000

Welspun Enterprises Limited (WEL) has been awarded a significant project for the construction of a six-lane, partially elevated highway corridor on NH-753F, covering the Pune–Shirur section in Maharashtra. The project, valued at approximately ₹7,300 crore, will be developed under a 29-year concession agreement on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis.

The Maharashtra State Infrastructure Development Corporation Limited (MSIDC), acting as the implementing agency, issued the Letter of Award (LoA) on 29 April 2026. This development comes as part of the Ministry of Road Transport and Highways’ initiative, under a Government to Government agreement, to enhance infrastructure through the Public Works Department of Maharashtra.

The project is strategically located in one of Maharashtra’s fastest-growing economic corridors, expected to enhance connectivity across key nodes such as Wagholi, Kharadi, Lonikand, Ranjangaon, and Shikrapur. It aims to reduce congestion, decrease travel time between Pune and Shirur, and improve freight efficiency. Over time, the corridor is anticipated to support industrial growth, lower logistics costs, and generate employment in construction and operations.

This award significantly strengthens WEL’s order book, which now stands at approximately ₹18,755 crore, excluding the execution done in Q4 FY26. The order book includes around ₹10,813 crore from the Water Vertical, ₹1,791 crore from the Tunnelling segment, and ₹6,152 crore from the Transportation Vertical, which includes this newly secured project.

Commenting on the achievement, Mr. Sandeep Garg, Managing Director of Welspun Enterprises, stated, “The receipt of the Letter of Acceptance for the Pune–Shirur Highway Project represents a significant milestone in Welspun Enterprises Limited’s growth journey and reinforces our strategic expansion in the transportation sector. We remain committed to maintaining the highest standards of execution, governance, and financial prudence, while leveraging our capabilities to deliver high-quality infrastructure assets and create sustainable value for all stakeholders.”

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

MSIDC | Business Upturn

Welspun Enterprises secures Rs 7,300 crore Pune–Shirur project, boosting order book to Rs 18,755 crore