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Welspun Enterprises update on restructuring of Dewas Industrial Water Supply Project

Capital Market 

MPSIDC and Waterprojects Works (subsidiary) enter into agreement

announced that State Industrial Development Corporation and Waterprojects Works Private Limited (a wholly of the Company) have entered into the Agreement on 09 January 2018 for restructuring the Industrial Water Supply Project under the Infrastructure Development (Swiss Challenge) Guidelines 2014. The estimated project cost of the restructured project as per the bid documents of the project is Rs 118 crore.

The project construction schedule is 12 months and the period is up to 15 June 2037, after which it will be transferred to MPSIDC.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 19:01 IST
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