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Welspun Enterprises shines on receiving LoA from NHAI for Aunta-Simaria project

01 Sep 2017 Evaluate

Welspun Enterprises is currently trading at Rs. 140.90, up by 4.75 points or 3.49% from its previous closing of Rs. 136.15 on the BSE.

The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 143.50 and Rs. 140.00 respectively. So far 71847 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 149.50 on 24-Jul-2017 and a 52 week low of Rs. 54.00 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 143.50 and Rs. 129.00 respectively. The current market cap of the company is Rs. 2075.79 crore.

The promoters holding in the company stood at 44.63%, while Institutions and Non-Institutions held 11.65% and 43.72% respectively.

Welspun Enterprises has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for the six-laning of Aunta-Simaria (Ganga Bridge with Approach Roads) section of NH-31 in the state of Bihar on Hybrid Annuity Model (HAM). The company will develop the project stretch of 8.15 km at a bid project cost of Rs 1,161 crore, and shall receive Rs 9.90 crore / year (adjusted for inflation) as O&M payments along with the annuity and interest thereon from NHAI for a period of 15 years post-construction.

With the award of this project, the company has built a portfolio of four HAM projects totaling to Rs 4,129 crore. The construction of the first HAM project, namely Delhi-Meerut Expressway (Package I), is in full swing and has achieved physical progress of approximately 60% within nine months of commencement.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in Oil & Gas Exploration.

Welspun Enterprises Share Price

483.65 17.70 (3.80%)
17-Apr-2026 16:59 View Price Chart
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