Breaking News

You are here » Indian-Commodity  :  Investment  :  Welspun Enterprises emerges as lowest bidder for Sattanathapuram to Nagapaftinam project

10-May2018

Welspun Enterprises emerges as lowest bidder for Sattanathapuram to Nagapaftinam project

Welspun Enterprises has emerged as the lowest bidder for four laning of Sattanathapuram to Nagapaftinam (Design Ch Km 123+800 to Km 179+555) section of NH-45A (New NH -332) in the state of Tamil Nadu under NHDP Phase-W on Hybrid Annuity Mode.

National Highways Authority of India (NHAI) has opened the bid on May 9, 2018 for the project and the consortium led by the company has emerged as the Lowest Bidder (L1) at bid price of Rs 1,837.32 crore.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in Oil & Gas Exploration.


Related News

View all news

National Green Tribunal allows Nectar Lifesciences to start function of Derabassi Unit

National Green Tribunal has allowed Nectar Lifesciences to start function of Unit II at Derabassi, Punjab, after observing that the Unit II of the company is compliant of Environment Laws.Earlier, the......

Hindalco Industries' arm invests $175 million in Pindamonhangaba plant

Hindalco Industries' wholly owned subsidiary -- Novelis Inc. -- has made an investment of $175 million in its Pindamonhangaba plant, located in the Paraiba Valley between Sao Paulo and Rio de Janeiro.......

Byke Hospitality acquires hotels at various locations

The Byke Hospitality has acquired Hotel & Restaurant Niranjana Resort (20 Rooms) situated at Bodhgaya, Bihar on long term lease through tender process conducted by Bihar State Tourism Development......

Top News

View all news

RITES to acquire 33% stake in IRSDC

RITES has received in principle approval to acquire stake of 33% Equity Shares in Indian Railway Station Development Corporation (IRSDC). The Board of Directors of the company at their meeting held on......

Govt in favour of alignment of capital adequacy norms with Basel III norms

Instead of present stricter guidelines which restrict the lending capacity of lenders, the government is of the view that the Reserve Bank of India (RBI) should resort to Basel III norms for capital adequacy......

Infosys, Ashok Leyland and Reliance Infrastructure to see some action today

Infosys will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus......