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Welspun Enterprises shares surge after getting Rs 4,123 crore order from BMC

Infrastructure  -  Mar 01,2024  - 

Welspun Enterprises received the Letter of Acceptance (LoA) from the BMC for a 2,000 MLD water treatment plant at Bhandup in suburban Mumbai, the company said in an exchange filing.

The total value of the order is said to be worth Rs 4,123 crore. Welspun Enterprises had emerged as the lowest (L1) bidder for the said order earlier this month, based on its exchange announcement on February 7.

With this order, the company's outstanding order book is now at Rs 12,650 crore, of which Rs 9,750 crore is from the water sector and the rest is from the road sector. The order book also consists of ₹3,677 crore worth of O&M and asset replacement.

This project is to be designed and constructed within a period of 48 months and will be operated and maintained for 15 years thereafter.

 

Company : Welspun Enterprises