India, March 5 -- National Highways Authority of India (NHAI) has declared the appointed date for Welspun Enterprises' (WEL) road project as February 28, 2018. The project is for 4-Laning of Chutmalpur - Ganeshpur section of NH-72A & Roorkee - Chutmalpur- Gagalheri (Uttar Pradesh/ Uttarakhand) section of NH-73.

Under the concession agreement, the construction of the project is to be completed within 2 years from the appointed date and is to be maintained for 15 years thereafter, post which it will be transferred to NHAI. The EPC contract worth Rs 897 crore will be executed by WEL.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investm...