Welspun Enterprises gains on emerging as L1 bidder by Brihanmumbai Municipal Corporation
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Welspun Enterprises is currently trading at Rs. 571.00, up by 14.35 points or 2.58% from its previous closing of Rs. 556.65 on the BSE.
The scrip opened at Rs. 588.70 and has touched a high and low of Rs. 590.00 and Rs. 571.00 respectively. So far 7705 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 619.00 on 26-Aug-2024 and a 52 week low of Rs. 241.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 592.75 and Rs. 552.90 respectively. The current market cap of the company is Rs. 7704.80 crore.
The promoters holding in the company stood at 54.51%, while Institutions and Non-Institutions held 6.48% and 39.01% respectively.
Welspun Enterprises has been declared as L1 bidder by the Brihanmumbai Municipal Corporation for a Design and Build (DB) Contract for design and construction of Tertiary Treated Water Conveyance Tunnel from Dharavi WWTF to Ghatkopar WWTF (Project). The key scope of contract includes design and construction of 8.48 km tunnel with a 3,500 mm bored diameter, to be executed within a period of 93 months using a tunnel boring machine. The company’s offer excluding GST is around Rs 1,989.90 crore.
Welspun Enterprises (WEL) (Formerly known as Welspun Projects), part of the Welspun Group, is an operating Company as well as a holding company. The Company’s key activity is in the infrastructure business.
