Welspun Enterprises

Propel Plastic Products Private Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL), has discharged the consideration to the creditors of Sintex-BAPL Limited

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This takes the outstanding order book of the company to around Rs 12,500 crore, of which Rs 6,500 crore is in the water sector and the balance Rs 6,000 crore is from the road sector, WEL said

Welspun Enterprises Ltd on Thursday said its consolidated net profit rose 28.36 per cent to Rs 25.66 crore in the first quarter ended June 30.

AWEL said the drilling of the current well in March 2021 has confirmed the presence of substantial quantities of gas and condensate in the Block

Welspun Enterprises on Wednesday reported more than doubling of its consolidated profit to Rs 30.47 crore for the quarter ended September. The company had clocked a net profit of Rs 14.47 crore for the year-ago quarter, it said in a BSE filing. Its total income rose to Rs 383.63 crore during the quarter under review as against Rs 340.61 crore in the year-ago period. Total expenses for the July-September quarter declined to Rs 342.38 crore as compared to Rs 297.60 crore in the year-ago period.

To invest Rs 400 crore for advanced textiles plant

At present, the company has an outstanding order book of Rs 70 billion, a large part of which is contributed from the roads segment

The stock hit a new high of Rs 202, rallied 32% from Rs 153 on May 9, 2018, as compared to 2.4% decline in the S&P BSE Sensex.

The stock moved higher by 13% to Rs 174 on the BSE after the company said it has emerged as the lowest bidder (L1) for a National Highways Authority of India project in the state of Tamil Nadu.

The firm total revenue of Rs 192.8 cr for the quarter under consideration, up 260% from Rs 53.6 cr in the comparable quarter last year

Infrastructure firm Welspun Enterprises Ltd (WEL) today announced acquisition of 49 per cent stake in two road projects of NHAI from MBL Group for Rs 23 crore. The company also said that its board has approved the proposal of its subsidiary - Welspun Financial Services Limited (WFSL)- to apply to RBI for NBFC licence. "WEL has agreed to acquire 49 per cent stake in two NHAI Hybrid Annuity Model (HAM) projects from MBL Group, subject to necessary approvals and statutory compliances. WEL will be the sponsor to these two projects, thus expanding its HAM project portfolio to three projects," WEL said in a BSE filing. The two projects are for four laning of Chutmalpur- Ganeshpur section of NH-72A & Roorkee-Chutmalpur-Gagalheri section of NH-73 and Gagalheri-Saharanpur-Yamunanagar (UP/Haryana Border) section of NH-73. "The consideration for the stake purchase is Rs 23 crore. The company has the option to acquire the remaining 51 per cent stake in these projects as and when the ...

The stock rallied 9% to Rs 117 extending its Tuesday's 6% gain on BSE on back of heavy volumes.

The services of both PwC and EY were engaged for this transaction

At 09:58 am, shares of Welspun Enterprises were trading 3.58% lower at Rs 59.25

The stock rose 12% to Rs 67 after reports that board will meet on Dec 22, to consider the option to buy back the equity shares of the company