Welspun Subsidiary Secures Rs 73 bn Pune Shirur Highway Contract

17 Jul 2026 CW Team

Welspun Enterprises' subsidiary Welspun Pune Shirur Projects has signed a concession agreement with the Maharashtra State Infrastructure Development Corporation and the Government of Maharashtra for the Rs 73 billion (Rs 7,300 crore, Rs 73 bn) Pune?Shirur highway project. The deal covers design, build, finance, operate and transfer (DBFOT) basis for a six?lane partially elevated highway corridor and upgrades to the existing Pune?Shirur stretch of NH?753F. The company will be responsible for delivery and long?term operation under the concession terms.

At 09:32am the stock was quoted at Rs 614.85 on the BSE, down one rupee ten paise, or zero point one eight per cent, reflecting a marginal opening decline. In the prior session the shares closed at Rs 615.95, representing a small gain of zero point three seven per cent on that day. Market participants noted that the stock has risen around 40 per cent over the last three months.

The total sub?concession period is 29 years, which includes a four?year construction period commencing from the appointed date and contains provisions for extension under the concession agreement. The project scope anticipates traffic management, elevated sections and integration with existing national highway infrastructure to improve connectivity and reduce travel times in the Pune region. The DBFOT structure allocates responsibility for financing and long?term maintenance to the concessionaire.

The share has recorded a 52?week high of Rs 634.15 on July 1, 2026, and a 52?week low of Rs 391.20 on March 16, 2026, placing it two point eight seven per cent below the high and fifty seven point four five per cent above the low. The market capitalisation stood at Rs 85.26 bn (Rs 8,525.6 crore) at the time of reporting. Analysts will watch project execution timelines and tolling arrangements as key drivers of long?term returns.

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