Welspun Enterprises moves up as its arm executes sub-concession agreement with MSIDC, GOM
Welspun Enterprises is currently trading at Rs. 621.25, up by 5.30 points or 0.86% from its previous closing of Rs. 615.95 on the BSE.
The scrip opened at Rs. 628.95 and has touched a high and low of Rs. 629.00 and Rs. 612.40 respectively. So far 15157 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 634.15 on 01-Jul-2026 and a 52 week low of Rs. 391.20 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 629.00 and Rs. 590.30 respectively. The current market cap of the company is Rs. 8525.60 crore.
The promoters holding in the company stood at 56.13%, while Institutions and Non-Institutions held 9.20% and 34.66% respectively.
Welspun Enterprises’ wholly owned subsidiary -- Welspun Pune Shirur Projects (WPSPL) has executed sub-concession agreement with Maharashtra State Infrastructure Development Corporation (MSIDC), and Government of Maharashtra (GOM) for construction of a 6- Lane Partially Elevated Highway Corridor along with improvement of the existing road from Km 10+600 to Km 64+000 (Section: Pune to Shirur of NH-753F, Minimum Design Length 53.40 Km) in the State of Maharashtra.
The project cost is around Rs 7,300 crore. The total sub-concession Period of 29 years (subject to extension in terms of the sub-concession agreement) including construction period of 4 years commencing from the Appointed Date.
