We made our first major foray into BOT (toll) projects

Infrastructure Transport

- Ved Mani Tiwari, Deputy CEO, Welspun Enterprises

Part of the Welspun Group, Welspun Enterprises (WEL) operates in the infrastructure space—primarily roads and water, with some investments in oil and gas. While the company’s main focus as a developer is on hybrid annuity model (HAM) projects, it also takes up value-accretive projects in the BOT-toll and EPC spaces. WEL currently has eight road projects in its developer portfolio with a total project value of over Rs 120 billion, and its current unexecuted order book is about Rs 49 billion. It was also the first company to complete a road HAM project, the Delhi-Meerut Expressway (Package1), in 11 months, ahead of schedule, and expects to complete four of its HAM projects in FY2020-21. Ved Mani Tiwari,