MPSIDC and Dewas Waterprojects Works (subsidiary) enter into concession agreementWelspun Enterprises announced that Madhya Pradesh State Industrial Development Corporation and Dewas Waterprojects Works Private Limited (a wholly owned subsidiary of the Company) have entered into the Concession Agreement on 09 January 2018 for restructuring the Dewas Industrial Water Supply Project under the Madhya Pradesh Infrastructure Development (Swiss Challenge) Guidelines 2014. The estimated project cost of the restructured project as per the bid documents of the project is Rs 118 crore.
The project construction schedule is 12 months and the concession period is up to 15 June 2037, after which it will be transferred to MPSIDC.
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