NHAI: Welspun-Soma Indus wins Varanasi-Aurangabad six-laning
ROADS & HIGHWAYS

NHAI: Welspun-Soma Indus wins Varanasi-Aurangabad six-laning

Welspun Group subsidiary, Welspun Enterprises Ltd (WEL), has entered an agreement with Soma Indus Varanasi Aurangabad Tollway, a special purpose vehicle (SPV) promoted by Indus Concessions India and Soma Enterprises, for the six-laning of Varanasi-Aurangabad NH-2 project.

The 192 km six-lane project is situated in Uttar Pradesh and Bihar. The contract value for the company is estimated at Rs 2,366 crore. Under the contract, the WEL will undertake the procurement and construction, while engineering will be undertaken by the SPV.

The project construction is expected to start in April 2021 and likely to be completed in 24 to 27 months, subject to the ongoing discussions between the National Highways Authority of India (NHAI) and the SPV on descoping to non-availability of land.

This addition once operational shall make the outstanding EPC order book position as Rs 10,400 crore. This includes EPC work awarded by subsidiary or joint venture companies and the work being executed during Q4 FY21.

WEL, part of the Welspun Group, is an operating company as well as a holding company with activities in infrastructure.

Image Source


Also read: NHAI says it will award Rs 50k cr projects in Q1

Welspun Group subsidiary, Welspun Enterprises Ltd (WEL), has entered an agreement with Soma Indus Varanasi Aurangabad Tollway, a special purpose vehicle (SPV) promoted by Indus Concessions India and Soma Enterprises, for the six-laning of Varanasi-Aurangabad NH-2 project. The 192 km six-lane project is situated in Uttar Pradesh and Bihar. The contract value for the company is estimated at Rs 2,366 crore. Under the contract, the WEL will undertake the procurement and construction, while engineering will be undertaken by the SPV. The project construction is expected to start in April 2021 and likely to be completed in 24 to 27 months, subject to the ongoing discussions between the National Highways Authority of India (NHAI) and the SPV on descoping to non-availability of land. This addition once operational shall make the outstanding EPC order book position as Rs 10,400 crore. This includes EPC work awarded by subsidiary or joint venture companies and the work being executed during Q4 FY21. WEL, part of the Welspun Group, is an operating company as well as a holding company with activities in infrastructure. Image Source Also read: NHAI says it will award Rs 50k cr projects in Q1

Related Stories

Gold Stories

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Next Story
Technology

ideaForge Q1 FY27 Revenue at Rs 680.6 million; EBITDA Turns Positive

ideaForge Technology Limited reported revenue from operations of Rs 68.6 crore in Q1 FY27, while executing more than 20% of its opening order book for the financial year. The company also reported positive EBITDA during the quarter.ideaForge entered FY27 with an order book of over Rs 300 crore and is targeting delivery of the opening order book by Q3, in line with customer timelines. The company said global supply chain disruptions and component availability continue to pose challenges.During the quarter, ideaForge completed a Rs 500 crore Qualified Institutional Placement (QIP), with particip..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement