Announced Sun, 20 Sept, 2026 · 10:33 IST
Welspun Enterprises' subsidiary wins Rs 351 Crore sewer rehab orders from AMC
WELENT · price
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Price reaction · full curve 14 horizons · vs prior close
-5.2%1-day move
₹824.00
prior close
₹830.00
base price
After-mkt
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AI summary
Welspun Michigan Engineers Ltd (WMEL), material subsidiary of Welspun Enterprises, secured two sewer rehabilitation projects from Ahmedabad Municipal Corporation worth Rs 351.24 Crore in total. Western Ahmedabad project is Rs 229.48 Crore, Eastern is Rs 121.76 Crore. Both are World Bank funded, to be completed in 24 months. WMEL order book rose from about Rs 2,135 Crore to about Rs 2,432.66 Crore.
Likely market impact
Boosts subsidiary order book by about Rs 298 Crore, reinforcing presence in urban water infrastructure segment.