Welspun Enterprises’ subsidiary -- Welspun Michigan Engineers (WMEL) in joint venture with Aaradhyaa & Co (WMEL-ANC JV) has been awarded a contract by the Brihanmumbai Municipal Corporation (BMC) for upgrading the Haji Ali Storm Water Pumping Station in G/S Ward, Mumbai. WMEL holds a 75% stake in the joint venture.
The contract, valued at Rs 328.12 crore (with GST), includes the upgradation of the storm water pumping station, along with complete mechanical, electrical, instrumentation and automation systems and civil repair works. WMEL share of contract value is Rs 208.55 crore i.e. 75% of the contract value, excluding GST.
The project is scheduled for completion within 18 months (excluding monsoons). Additionally, the contract encompasses a comprehensive operations and maintenance (O&M) phase for 15 years.
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.
