Welspun Enterprises gains on emerging as L1 bidder for Design Build and Operate contract
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Welspun Enterprises is currently trading at Rs. 365.50, up by 3.65 points or 1.01% from its previous closing of Rs. 361.85 on the BSE.
The scrip opened at Rs. 378.05 and has touched a high and low of Rs. 382.70 and Rs. 364.55 respectively. So far 101484 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 382.70 on 08-Feb-2024 and a 52 week low of Rs. 117.35 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 382.70 and Rs. 352.95 respectively. The current market cap of the company is Rs. 5059.02 crore.
The promoters holding in the company stood at 54.51%, while Institutions and Non-Institutions held 6.56% and 38.92% respectively.
Welspun Enterprises has been declared as L1 bidder by the Brihanmumbai Municipal Corporation for a Design Build and Operate (DBO) Contract for Development of new 2,000 MLD Water Treatment Plant at Bhandup Complex including Civil, Mechanical, Electrical & Instrumentation (Project). The Project is to be designed and constructed within a period of 48 months and is to be comprehensively Operated and Maintained for a period of 15 years thereafter. The total Contract value excluding GST is around Rs 4,128 crore (DB value around Rs 2,248 crore and O&M value around Rs 1,880 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.
