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Welspun exploring investment from Canadian investment fund in road projects: Report

Welspun Enterprises has been scouting for investors for its existing road projects while looking to acquire projects struggling due to funding and other issues.

November 20, 2020 / 11:27 AM IST

Welspun Enterprises is in talks with a Canadian pension fund for investment in nine road project assets worth Rs 12,000 crore, sources told the Hindu BusinessLine.

Seven of these nine projects, worth Rs 10,000 crore are being built on the hybrid annuity model (HAM), as per the report.

Moneycontrol could not independently verify the report.

Welspun’s HAM projects are Aunta-Simaria (Bihar), Chikhali-Tarod (Tamil Nadu), Chutmalpur-Ganeshpur (Uttar Pradesh), Delhi-Meerut Expressway, Gagalheri-Saharanpur-Yamunanagar (UP-Haryana border), Roorkee-Chutmalpur-Gagalheri (Uttarakhand) and Sattanathapuram-Nagapattinam (TN). Another is the ongoing build operate transfer (BOT) model project Mukarba Chowk-Panipat (Haryana, worth Rs 2,122 crore).