MoneyWorks4Me

Welspun Enterprises’ arm receives LoA from BMC

21 Aug 2024 Evaluate

Welspun Enterprises’ material subsidiary-- Welspun Michigan Engineers (WMEL) has been awarded the Letter of Acceptance (LoA) by the Brihanmumbai Municipal Corporation (BMC). This LoA pertains to Rehabilitation of man-entry sewers by trenchless technology, lines –17km (dia 1000mm to 1800mm), in the suburbs of Mumbai City (the project). The contract value excluding GST is Rs 159.75 crore. This Project is to be executed within a period of 24 months (excluding monsoon) from the date of notice of commencement.

Welspun Enterprises (WEL) (Formerly known as Welspun Projects), part of the Welspun Group, is an operating Company as well as a holding company. The Company’s key activity is in the infrastructure business.


Peers
Company Name CMP
Larsen & Toubro 3892.80
Kalpataru Projects 1414.25
NCC 134.95
Rail Vikas Nigam 209.45
KEC International 399.30
View more..