By BullScreen Editorial Team 
On May 5, 2026 , Welspun Enterprises Limited (WEL), the infrastructure arm of Welspun World, has announced a major addition to its project pipeline with the acquisition of a ₹7,300 crore highway project in Maharashtra.
This significant win has propelled the company’s total outstanding order book to ₹18,755 crore, strengthening revenue visibility and providing a solid growth outlook over the next four years.
The contract, awarded by the Maharashtra State Infrastructure Development Corporation (MSIDC), involves the development of a six-lane, partially elevated highway corridor on NH-753F (Pune-Shirur stretch).
| Category | Details |
|---|---|
| Scope | Construction and improvement of a 53.40 km stretch |
| Model | Design, Build, Finance, Operate, and Transfer (DBFOT) – Toll basis |
| Timeline | 29-year concession period, including a 4-year construction phase |
| Strategic Impact | The corridor acts as a key economic route connecting Wagholi, Kharadi, Ranjangaon, and Shikrapur, helping reduce congestion and improve freight movement efficiency. |
This acquisition marks a pivotal shift in WEL’s portfolio, rebalancing the company’s exposure toward large-scale transportation assets. As of late April 2026, the diversified order book of ₹18,755 crore is allocated as follows:
| Vertical | Value (₹ Crore) | Key Components |
|---|---|---|
| Water | 10,813 | Includes ₹5,393 crore from O&M & Asset Replacement |
| Transportation | 6,152 | Primarily driven by the Pune–Shirur project |
| Tunnelling | 1,791 | High-margin specialized engineering segment |
Sandeep Garg, Managing Director of Welspun Enterprises Limited, highlighted the strategic significance of the project win, describing it as a key milestone in the company’s growth journey. He noted that securing the “Letter of Acceptance” for the Pune-Shirur Highway Project not only strengthens and rebalances the company’s order book but also reinforces its commitment to delivering high-quality infrastructure assets that generate sustainable long-term value for all stakeholders.
Looking ahead, as the project moves toward its construction phase following the appointed date, investors will closely track execution timelines and cost efficiency. Maintaining targeted EBITDA margins in the range of 10-12% on this high-value contract will be a critical factor in sustaining investor confidence and delivering long-term shareholder value.