Welspun Enterprises’ subsidiary “Welspun Michigan Engineers Limited” (WMEL) today received an order worth Rs 328.12 crore in joint venture with Aaradhyaa & Co. Welspun Enterprises share price likely to react on Bombay Stock Exchange (BSE) on May 26 to the latest development announced after market hours. Last trading price of the scrip on BSE is Rs 507.90 per share with intraday fall of 2.18%. The stock offered returns of 19.02% in last 2-weeks and zoomed over 66% in last 1-year.
The company’s market capitalisation stood at Rs 7030.04 crore. Its return on equity is 11.34%. The stake of LICI ASM stood at 1.15% in Welspun. FII/FPI’s stake declined from 4.71% to 4.58% for December 2024 quarter. Check details below:
Welspun Enterprises’ Subsidiary Bags Order
According to the exchange filing of Welspun Enterprises’ dated March 26, 2025, “We are pleased to inform you that “Welspun Michigan Engineers Limited” (“WMEL”), formerly known as Welspun Michigan Engineers Private Limited, a material subsidiary of our Company in Joint Venture with Aaradhyaa & Co., a Partnership Firm, has been awarded Work Order (WO) by the Brihanmumbai Municipal Corporation (BMC). This WO pertains to an upgradation of the Haji Ali Storm Water Pumping Station in G/S Ward Mumbai, Maharashtra, followed by 15 years of Operations & Maintenance (O&M), (“the project”). The contract value including GST and O&M is Rs. 328.12 Crore. This upgrading is to be executed within a period of 18 months starting from October 01, 2025 (excluding monsoon).”
The outstanding order book of WMEL as on February 28, 2025 was Rs. 2,706.87 Crore, excluding GST. This project brings in value of Rs. 208.55 Crore i.e. 75% of the contract value, excluding GST, (EPC Rs. 93.59 Crore & O&M Rs. 114.96 Crore). With the addition of Haji Ali Storm Water Pumping Station order, the outstanding order book of WMEL will be ~ Rs. 2,915.42 Crore, excluding GST, (EPC Rs. 2,677.52 Crore & O&M Rs. 237.90 Crore), added the BSE filing.
Commenting on the achievement, Mr. Sandeep Garg, Managing Director of Welspun Enterprises said, “This contract marks a significant milestone for our material subsidiary, Welspun Michigan Engineers Limited. It follows in quick succession after the February, 2025 contract for the design and construction of the Mogra Storm Water Pumping Station in Mumbai. This achievement highlights WMEL’s continued growth and expertise in urban infrastructure development.”
Welspun Enterprises Shares Performance
The 52-week high price of Welspun Enterprises shares on BSE is Rs 664.10 per share (as on 08/01/2025) and 52-week low price is Rs 299.00 per share (as on 26/03/2024), respectively. In last 1-week, Welspun Enterprises shares soared 10.87%, slipped 12.42% in last 6-months, and rose 305% in last 2-years. In last 3-years, the stock gained 555.35% and zoomed 1330.70% in last 5-years.
Welspun Enterprises Dividend History
It declared a total of 15 dividends since 2005. In last 1-year, it recommended an equity dividend amounting to Rs 3.00 per share, according to Trendlyne. It offers a dividend yield of 0.59%.
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