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Welspun Enterprises gains on receiving appointed date from MPSIDC

09 May 2018 Evaluate

Welspun Enterprises is currently trading at Rs. 159.00, up by 2.90 points or 1.86% from its previous closing of Rs. 156.10 on the BSE.

The scrip opened at Rs. 156.40 and has touched a high and low of Rs. 159.00 and Rs. 156.40 respectively. So far 2,423 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.00 on 10-Jan-2018 and a 52 week low of Rs. 84.00 on 24-May-2017.

Last one week high and low of the scrip stood at Rs. 161.00 and Rs. 140.00 respectively. The current market cap of the company is Rs. 2,345.00 crore.

The promoters holding in the company stood at 44.59%, while Institutions and Non-Institutions held 8.32% and 47.08% respectively.

Madhya Pradesh State Industrial Development Corporation (MPSIDC) has declared May 7, 2018 as the appointed date for Dewas Industrial Water Supply project to be constructed by Welspun Enterprises. The concessionaire for the project is Dewas Waterprojects Works, a wholly owned subsidiary of the company. The project cost, estimated as Rs 146.32 crore, is being funded through a mix of debt and equity in the ratio of approximately 70:30. The stipulated time for construction is 12 months from the appointed date.

The project involves development of a water supply project to supply treated water up to 23 Million Liters per Day (MLD) to industrial customers in arid around Dewas during the Concession Period, spanning over the next 19 years.

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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