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Welspun Enterprises Ltd - Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Receipt Of Early-Completion Bonus By Welspun Delhi Meerut Expressway Private Limited In Relation To The Delhi-Meerut Expressway Package-1.

| Updated on June 12, 2019 Published on June 12, 2019

We are pleased to inform that Welspun Delhi Meerut Expressway Private Limited (a wholly-owned subsidiary of the Company) has received Rs. 27.09 crore (excluding GST) as Bonus from National Highways Authority of India (NHAI) for early completion of Delhi-Meerut Expressway Package-1 on June 28, 2019, 332 days ahead of the scheduled completion date.

The Delhi-Meerut Expressway Package-1 was the first Hybrid Annuity Model (HAM) project of NHAI to achieve both Financial Closure as well as Commercial Operation Date (COD). The first annuity for the project was received in January 2019 and the next annuity is expected by July 2019.

This disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular ref. CIR/CFD/CMD/4/2015 dated September 09, 2015 and the Companys Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information.

The trading window for dealing in the securities of the Company by the Insiders, as defined under the SEBI (Prohibition of Insider Trading) Regulations, 2015 is closed till Friday, June 14, 2019.

Kindly take the same on record.

Pdf Link: Welspun Enterprises Ltd - Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Receipt Of Early-Completion Bonus By Welspun Delhi Meerut Expressway Private Limited In Relation To The Delhi-Meerut Expressway Package-1.

Source : BSE - www.bseindia.com

Published on June 12, 2019
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