Friday, November 7: Shares of Welspun Enterprises gained nearly 2% to Rs 558.10 in Friday’s session after the company announced it had received a Rs 3,145 crore order from the Brihanmumbai Municipal Corporation (BMC) for the development of a 910 million litres per day (MLD) water treatment plant at Panjrapur, Maharashtra.
The project involves extensive civil, mechanical, electrical, and instrumentation works, along with the construction of a treated water sump and pumping station. Under the agreement, Welspun Enterprises will design and build the facility within 48 months, followed by 15 years of operation and maintenance.
This large contract has significantly strengthened the company’s order book. As of June 30, 2025, the standalone order book stood at approximately Rs 11,962 crore, which has now increased to around Rs 14,627 crore (excluding Q2 execution).
BK Goenka, Chairman of Welspun World, said, “The Panjrapur WTP project marks yet another significant step in Welspun Enterprises’ journey towards becoming a leading player in the water sector. After completion of this project and the 2,000 MLD Bhandup WTP, we will be treating nearly 70% of Mumbai’s freshwater requirement, a milestone that resonates deeply with Welspun World’s vision of Har Ghar se Har Dil Tak Welspun.”
Goenka further highlighted progress on the 418 MLD Dharavi Wastewater Treatment Facility, adding that the company’s ongoing water and tunnelling projects aim to enhance reuse, promote circularity, and align with its guiding principles of Green, Growth, and Governance.
Welspun Enterprises, primarily engaged in civil construction contracts, also undertakes projects in mass housing, multi-storied buildings, industrial plants, coal mines, fertilizer, petrochemical, and water-retaining structures.
On a consolidated basis, the company reported a 7.4% year-on-year decline in net profit to Rs 90.76 crore in Q1 FY26, as revenue from operations fell 9.1% to Rs 845.05 crore compared to the same period last year.
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