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Welspun Enterprises Ltd.

BSE: 532553 Sector: Infrastructure
NSE: WELENT ISIN Code: INE625G01013
BSE 00:00 | 18 Dec 116.80 1.05
(0.91%)
OPEN

116.95

HIGH

117.60

LOW

115.50

NSE 00:00 | 18 Dec 117.10 1.25
(1.08%)
OPEN

115.70

HIGH

117.65

LOW

114.50

OPEN 116.95
PREVIOUS CLOSE 115.75
VOLUME 7137
52-Week high 202.85
52-Week low 101.00
P/E 14.71
Mkt Cap.(Rs cr) 1,732
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 116.95
CLOSE 115.75
VOLUME 7137
52-Week high 202.85
52-Week low 101.00
P/E 14.71
Mkt Cap.(Rs cr) 1,732
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Welspun Enterprises Ltd. (WELENT) - Company History

Welspun Enterprises Ltd (formerly knowns as Welspun Projects Ltd) is an India-based company. The company is engaged in the civil construction contract. They are offering various types of works such as mass housing and township multi-storied buildings industrial projects for coal mines fertilizer plants petrochemicals and water retaining structures. Their subsidiaries include MSK Projects (Himatnagar Bypass) Pvt Ltd Super Infrastructure & Toll Bridge Pvt Ltd and MSK Projects (Kim Mandvi Corridor) Pvt Ltd. The company has been undertaking the projects for residential township industrial projects and infrastructure development projects specially road sector on build-operate and transfer (BOT) basis. They are also serving and executing industrial projects for various large scales private as well as public sector companies engaged in the business of petrochemical fertilizers pharmaceutical mining etc.The company has also ventured into water distribution projects and other surface transport projects involving construction of public utilities. MSK Projects is presently implementing a project which is arguably the second project in the country involving construction of dedicated water supply infrastructure from a perennial source to medium and large scale Industries in a large Industrial area in Dewas in Madhya Pradesh.MSK Projects (India) Ltd was incorporated on December 20 1994. The company had had started construction business in the year 1976 as a partnership firm with the name of M. S. Khurana. The company was registered as a public limited company with the name MSK Projects (India) Limited and commenced their business on January 27 1995.In October 2004 the company came out with an IPO which was fully subscriber. The company's shares are listed on BSE NSE and VSE.During the year 2006-07 the company has started a joint venture company BUL MSK Infrastructure Pvt Ltd for the toll collection from the Dand Apta Kharpada abd Kon Sawle Road Project. Also the toll collection from Himmatnagar Byepass which has been executed under the100% subsidiary company MSK (Himmatnagar Byepass) Pvt Ltd is continued during the year.In June 2007 the company received orders worth Rs 34.88 crore from Bharat Oman Refineries Ltd in respect of civil and structural works for pipeline terminals for Vadinar Bina Pipeline and Bina Refinery Project. Also they received orders worth Rs 23.18 crore from Bharat Oman Refineries Ltd in respect of civil and structural works for Control Room Substation Fire-station Reservoir and Pump Houses Pipe Sleepers Road Ph-II and associated electrical works etc at Crude Oil Terminal at Vadinar (Gujarat) for Bina Refinery Project. During the year 2008-09 the company secured some orders which includes Earthwork in formation construction of bridges P-way work and other miscellaneous works in connection with railway sidings (Part-A) for BPCL Bina Despatch Terminal Bina (MP) from Bharat Petroleum Corporation Ltd Civil and structural work of residue upgradation and MS/HSD quality improvement project for Indian Oil Corporation Ltd Gujarat Refinery Baroda and Non plant buildings (EPCC-12A package) for Panipat Naphtha Cracker Project of Indian Oil Corporation Ltd New Delhi. The company also secured Polishing pond (EPCC-15) for Panipat Naptha Cracker Project of Indian Oil Corporation Ltd Refineries division New Delhi and construction of polishing pond evaporation pond and other associated work for Bina Refinery project from Bharat Oman Refineries Ltd.In 2010 the companies name was changed from MSK Projects (India) Ltd. to Welspun Projects Ltd. The company also forayed into Energy Business during the same year. The company also acquired majority stake in Aziz European Pipe factory in Saudi Arabia. In 2011 the company acquired 35% stake in Leighton Contractors (India) Pvt Ltd. The company also came with a new 350000 MTPA LSAW plant in Anjar. In 2012 the company goes for Overseas Capacity Expansion. Initiates new 175000 MTPA ERW plant in USA. The company wins 125 MW Solar Bid and also wins solar photovoltaic project in Madhya Pradesh. In 2015 the company awarded with Package 1 of the Delhi-Meerut Expressway Project -`India's Wimbledon Connection'- coverage in OPEN Magazine in the July 13th issue. The companies name was also changed from Welspun Energy Ltd to Welspun Enterprises Ltd during the year under review