Welspun Enterprises Limited (WEL), the infrastructure arm of Welspun World, has received the Letter of Award (LoA) dated 29 April 2026 for the development of a six-lane, partially elevated highway corridor on NH-753F, covering the Pune–Shirur section in Maharashtra. The project, with a total cost of ~ ₹7,300 crore, will be developed under a 29-year concession agreement on a DBFOT (Toll) basis.
Ministry of Road Transport and Highways (MoRTH), under a Government-to-Government agreement, through the Public Works Department of Maharashtra, has appointed Maharashtra State Infrastructure Development Corporation (MSIDC) as the tendering and implementing agency for the project
Located in one of Maharashtra’s fastest-growing economic corridors, the project is expected to improve connectivity across key nodes, including Wagholi, Kharadi, Lonikand, Ranjangaon and Shikrapur. It will reduce congestion, shorten travel time between Pune and Shirur and improve freight efficiency. Over time, the corridor is expected to support industrial growth, lower logistics costs, and generate employment across construction and operations.
This award strengthens WEL’s order book and enhances revenue visibility across its business verticals. The Company’s outstanding order book (EPC and O&M) stands at ~₹18,755 crore (less execution done in Q4 FY26). The order book comprises of ~₹10,813 crore from the Water Vertical (including ~₹5,393 crore from O&M and Asset Replacement), ~₹1,791 crore from the Tunnelling segment, and ~₹6,152 crore from the Transportation Vertical, including this project.
Speaking on the development, Mr B.K. Goenka, Chairman, Welspun World, said, “India’s growth will be built on infrastructure that connects people, markets and opportunity at scale. Projects like Pune–Shirur are critical to unlocking regional economic potential and strengthening growth corridors while creating long-term value for communities and industry. I am happy that WEL’s consistent execution track record of delivering complex infrastructure projects is being recognised by clients and the Company is moving in the right direction of creating sustainable value for all its stakeholders and the Country.”
Mr Sandeep Garg, Managing Director, Welspun Enterprises, said, “Post this win, our consolidated order book stands at ~₹18,755 crore, diversified across Water, Tunnelling and Transportation. Addition of this Transport Vertical order rebalances the order book and improves revenue visibility for sustainable growth, with continued focus on disciplined bidding and execution.”
