Welspun Enterprise has got a road project worth Rs 1,161 crore from the National Highways Authority of India (NHAI) for six-laning of a section on NH-31 in Bihar.

Welspun Enterprise has said in a BSE filing that “The company will develop the project stretch of 8.15 km at a bid project cost of Rs 1,161 crore, and shall receive Rs 9.90 crore/year (adjusted for inflation) as O&M (Operation and Maintenance) payments along with the annuity and interest thereon from the NHAI for a period of 15 years post construction.”

It further said that the company has received a Letter of Award from NHAI for six-laning of Aunta-Simaria (Ganga Bridge with approach roads) section of NH-31 in Bihar on Hybrid Annuity Model (HAM).

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