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Latest news about Welspun Enterprises

Welspun Enterprises Secures ₹3,145 Crore Contract for Massive Water Treatment Plant in Maharashtra 3 days ago

Welspun Enterprises Limited (WEL) has been awarded a contract by the Brihanmumbai Municipal Corporation (BMC) to develop a 910 Million Litres per Day (MLD) Water Treatment Plant in Panjrapur, Maharashtra. The project, valued at approximately ₹3,145 crore, includes a 48-month design and construction phase followed by a 15-year operation and maintenance period. This contract significantly boosts WEL's order book to about ₹14,627 crore. Upon completion, WEL will be treating nearly 70% of Mumbai's freshwater requirements, strengthening its position in India's water infrastructure sector.

Welspun Enterprises Faces ₹9 Crore GST Tax and Penalty Order, Plans Appeal Oct 23, 2025

Welspun Enterprises Shares Surge on ₹1,000 Crore Fundraising Plan and Strong Q3 Results Oct 15, 2025

Welspun Enterprises Eyes Fund Raising, Secures L1 Status for Major Maharashtra Infrastructure Projects Oct 11, 2025

Welspun Group Master Trust Boosts Stake in Welspun Enterprises to 49.33% Aug 25, 2025

More news about Welspun Enterprises

14Aug 25

Welspun Enterprises Reports 9% Revenue Decline in Q1, EBITDA Grows 8%

Welspun Enterprises Limited (WEL) reported a 9% year-on-year decline in Q1 consolidated revenue to INR845.00 crores, attributed to early monsoon onset and back-ended revenue guidance. Despite this, EBITDA grew 8% to INR208.00 crores, with margins expanding to 23.8%. The Water segment showed robust 38% growth, while Transport declined 43%. The company's order book stands at INR13,665.00 crores, with plans to secure INR10,000-11,000 crores in fresh orders over the next eight months. WEL maintains its FY26 revenue guidance of INR4,000-4,100 crores, expecting accelerated momentum in Q3 and Q4.

06Aug 25

Welspun Enterprises Reports Record EBITDA Margin in Q1 Despite Revenue Dip

Welspun Enterprises reported Q1 consolidated revenue of ₹845.00 crore, down 9% year-on-year. However, EBITDA margin expanded to a record 23.9%, with EBITDA growing 8% to ₹208.00 crore. PAT decreased 8% to ₹101.00 crore. The company maintains a robust order book of ₹13,665.00 crore. Key projects received completion certificates, and the company is pursuing additional bids worth ₹12,000.00-13,000.00 crore. Management remains confident in achieving 15-20% full-year revenue growth.

04Aug 25

Welspun Enterprises' Material Subsidiaries Appoint New Statutory Auditors

Welspun Enterprises Limited (WEL) announced changes in statutory auditors for two material subsidiaries. MGB & Co., LLP resigned as auditors for Welspun Michigan Engineers Limited and Welspun EDAC JV Private Limited, effective August 04, 2025. Suresh Surana & Associates LLP has been appointed as the new auditor for both subsidiaries, aligning with WEL's recent auditor change. The appointment is effective from August 04, 2025, with an initial term until the conclusion of FY 2024-25 AGMs, and a proposed extended term of 5 years subject to shareholder approval. This change aims to bring synergies within the group and maintain consistency in the audit process.

08Jul 25

Welspun Enterprises Unit Secures OSRTC Bus Terminal Project, Claims ₹184.3 Million Compensation

Welspun Enterprises' subsidiary has entered into an agreement with the Odisha State Road Transport Corporation (OSRTC) for a bus terminal project. This follows a court ruling that led to OSRTC terminating its previous agreement with ABTPL. The subsidiary has claimed a compensation award of ₹184.30 million and expects to receive ₹230.00 million from OSRTC. This development marks a new venture in Odisha's transportation infrastructure for Welspun Enterprises.

04Jun 25

Welspun Enterprises Achieves Milestone: Receives PCOD for Aunta-Simaria Project

Welspun Enterprises Limited has received a provisional certificate for Project Completion and Operationalization Date (PCOD) for its Aunta-Simaria infrastructure project. This milestone indicates that the project has met completion criteria and is now operational, potentially allowing the company to start generating revenue from it. The achievement demonstrates Welspun's capability in executing large-scale infrastructure projects and may strengthen its position in the sector.

19May 25

Welspun Enterprises Surpasses FY25 Guidance, Sets Ambitious Targets for FY26

Welspun Enterprises reported 25% year-over-year growth in consolidated revenue, exceeding FY25 guidance. The company has a Rs 2,800 crore order book for the UP Jal Jeevan Mission. For FY26, Welspun targets 15-20% consolidated revenue growth, 50% growth for Welspun Michigan, and aims to secure orders worth Rs 10,000 crore. The company projects consolidated EBITDA growth of 20% or higher and targets an unexecuted order book of over Rs 20,000 crore by FY26 end.

15May 25

Welspun Enterprises Reports Robust Q4 FY2024 Results, Declares Dividend

Welspun Enterprises announced impressive Q4 FY2024 results, showing significant year-over-year improvements. Revenue increased by 24% to ₹1,021.50 crore, while net profit rose 30.09% to ₹100.30 crore. EBITDA grew by 35.40% to ₹153.00 crore, with the EBITDA margin improving to 14.96%. The company also recommended a final dividend of ₹3.00 per share for FY2024.

12May 25

Welspun Enterprises Considers ₹1,000.00 Crore Fundraising via Private Placement

Welspun Enterprises Ltd, an infrastructure development company, has announced plans to explore raising funds up to ₹1,000 crore through private placement of securities. The company's board will meet to discuss and potentially approve this significant fundraising initiative. While the specific use of funds is not disclosed, the capital could be directed towards financing new projects, expanding the existing portfolio, strengthening the balance sheet, or investing in new technologies.

27Mar 25

Welspun Subsidiary Secures ₹79.29 Crore Drainage Project in Vadodara

Welspun Michigan Engineers Limited (WMEL), a subsidiary of Welspun Enterprises Limited, has been awarded a ₹79.29 crore contract by Vadodara Municipal Corporation. The project involves rehabilitating an 1800mm diameter drainage line in Vadodara's West Zone, to be completed within 12 months starting April 02, 2025. This contract increases WMEL's order book to ₹2,994.71 crore, with ₹2,756.81 crore in EPC and ₹237.90 crore in O&M segments.

26Mar 25

Welspun Enterprise JV Secures ₹328.12 Crore BMC Contract for Haji Ali Storm Water Pumping Station

Welspun Michigan Engineers Limited (WMEL), a subsidiary of Welspun Enterprise Limited, has been awarded a ₹328.12 crore contract by the Brihanmumbai Municipal Corporation for upgrading the Haji Ali Storm Water Pumping Station. WMEL's 75% share amounts to ₹208.55 crore, including an EPC component of ₹93.59 crore and an O&M component of ₹114.96 crore. The project, to be executed over 18 months starting October 1, 2025, includes upgradation, supply, installation, and 15 years of maintenance. This contract increases WMEL's order book to ₹2,915.42 crore, reinforcing its position in urban infrastructure development and water management solutions.