India, Oct. 8 -- The Maharashtra State Infrastructure Development Corporation (MSIDC) received three bids for the Rs.8,745 crore Pune-Shirur elevated highway project, with Welspun Enterprises Limited emerging as the lowest bidder. The 54-km, six-lane corridor will be developed on a Build-Operate-Transfer (BOT) basis under the public-private partnership (PPP) model.

Part of the Pune-Chhatrapati Sambhaji Nagar Highway Improvement Plan, the project aims to cut travel time between Pune and Shirur from over two hours to about 45 minutes.

Financial bids for the project were opened on 7 October. Welspun Enterprises quoted Rs.8,745.38 crore, followed by Adani Enterprises at Rs.10,124.07 crore and GR Infraprojects at Rs.10,335.82 crore. Though W...