₹7,300 Crore Pune-Shirur Highway Deal Pushes Welspun Enterprises Order Book Up 40%

Welspun Enterprises has added a major ₹7,300 crore highway project to its pipeline. The award from Maharashtra State Infrastructure Development Corporation involves a six-lane, partly elevated Pune-Shirur section on NH 753F.

The award, dated 29 April 2026, was issued by Maharashtra State Infrastructure Development Corporation (MSIDC) acting as the implementing and tendering agency under a government-to-government arrangement between the Ministry of Road Transport and Highways (MoRTH) and the Maharashtra Public Works Department.

Welspun Enterprises shares fell by more than 3% at 2:22 PM on 30 April, trading near ₹522.80.

Project Details

The corridor runs from Km 10+600 to Km 64+000, covering a minimum design length of 53.40 km. It will be built and operated on a Design, Build, Finance, Operate and Transfer toll basis under a sub-concession period of 29 years, including a four-year construction window starting from the Appointed Date.

The highway is expected to ease traffic congestion and improve freight movement across key nodes, including Wagholi, Kharadi, Lonikand, Ranjangaon and Shikrapur, a corridor that sits within one of Maharashtra's fastest-growing economic belts connecting Pune to its eastern outskirts.

Order Book Impact

The order book now stands at approximately ₹18,755 crore, up from ₹13,341 crore as of 31 December 2025, after adjusting for Q4FY26 execution. The breakdown across verticals is as follows:

• Water: ₹10,813 crore, including ₹5,393 crore from operations, maintenance and asset replacement

• Transportation: ₹6,152 crore, inclusive of this project

• Tunnelling: ₹1,791 crore

What The Company Said

Managing Director Sandeep Garg said the addition rebalances the order book across verticals and improves revenue visibility. He described the project as a significant milestone in the company's growth in the transportation sector.

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Recent Financials

Welspun Enterprises' most recent quarterly results showed pressure. On a consolidated basis, net profit fell 60.1% year-on-year to ₹30.74 crore in Q3FY26, with revenue from operations down 12.2% to ₹786.95 crore.

The ₹7,300 crore contract gives the company a substantial pipeline to execute against over the next four years, which should support revenue recovery from FY27 onwards.

Sources:

Businessline

Business Standard