Welspun Enterprises

Welspun One to invest ₹550 cr in 1.2 million sq ft logistics park in Pune

Warehousing and industrial real estate platform Welspun One plans to develop Grade-A logistics park spread over around 1.2 million square feet in Talegaon, Pune with an investment of Rs 550 crore, the company said on Tuesday. The company said it has been allotted 46-acre of land parcel in Pune's Talegaon MIDC Phase- IV for the project. The upcoming park will be designed with tailored specifications to meet the distinct operational needs of high-demand sectors such as 3PL, e-commerce, FMCG, automotive, engineering, auto ancillary, and manufacturing industries, making it one of the region's most differentiated and high-performance assets, it said. The masterplan includes four planned buildings ranging from around 1 lakh sq ft to around 3.5 lakh sq ft, offering flexibility for both high-throughput logistics players and industrial users with large-format space requirements at Welspun One. The land parcel is earmarked for developing a premium Grade-A first-mile logistics asset, designed

Welspun Enterprises bags ₹3,145 crore order for Panjrapur water plant

Welspun Enterprises Ltd (WEL) on Friday said it has secured a new order worth Rs 3,145 crore to design, build and operate 910 MLD water treatment plant at Panjrapur, Maharashtra. Welspun Enterprises in a statement said the plant will significantly strengthen Mumbai's water supply network by leveraging advanced technologies to ensure efficient and sustainable operations. WEL said it has partnered with Veolia, a global leader in water management technologies, as its technology provider for this project. "The project valued at Rs 3,145 crore includes comprehensive civil, mechanical, electrical and instrumentation works, along with the construction of a treated water sump and pumping station," it said. According to the statement, the total contract value includes an operation and maintenance component of Rs 1,156 crore and excludes a provisional sum of Rs 29 crore. The design-build phase is scheduled for completion within 48 months, following which WEL will operate and maintain the ..

Welspun Enterprises shares rise 3% on fund-raise plans, two contract wins

Welspun Enterprises shares rose following fund-raising plans and its emergence as the lowest bidder for two contracts worth over ₹10,000 crore

Welspun Enterprises Q4 results: PAT jumps 36% to ₹105 cr on higher income

Welspun Enterprises Limited (WEL) has reported a 36 per cent rise in consolidated net profit to Rs 105.49 crore in the March quarter, on account of higher revenues. It had posted a net profit of Rs 77.67 crore in the year-ago period, the company said in an exchange filing. The company's total income increased to Rs 1,075.95 crore from Rs 866.70 crore a year earlier. For the entire FY25, the net profit rose to Rs 353.83 crore from Rs 319.40 crore in FY24. Income rose to Rs 3,792.59 crore from Rs 3,063.31 crore FY24. WEL, a part of Welspun World, is an infrastructure development company focusing on water, wastewater, and transport segments.

Welspun Enterprises Q3 result: PAT dips 4% to Rs 77 cr, income up by 22%

Infrastructure developer Welspun Enterprises on Monday reported a 4 per cent fall in its consolidated profit after tax to Rs 77 crore in the December quarter. It had posted a profit after tax (PAT) of Rs 80 crore in the year-ago period, the company said in a statement. However, its total income rose 22 per cent to Rs 919 crore against Rs 754 crore a year ago. During the April-December period, the company's PAT rose 3 per cent to Rs 248 crore compared to Rs 242 crore in the nine-month period a year ago. In 9M FY25, the company achieved a revenue of Rs 2,563 crore, up 25 per cent year-on-year over Rs 2,051 crore. While EBITDA rose 14 per cent to Rs 523 crore during the nine-month period from Rs 460 crore a year ago. During the quarter, the company completed an acquisition of 9.99 per cent in Welspun Michigan Engineers Ltd, increasing its total stake to 60 per cent. "We have continued the momentum from the second quarter, and delivered the highest ever first 9 months consolidated r

Welspun Enterprises Q2FY25 results: Net profit falls 11% to Rs 61.56 crore

Welspun Enterprises has reported around 11 per cent fall in consolidated net profit at Rs 61.56 crore for September quarter FY25 on account of higher expenses. It had logged Rs 69.01 crore net profit in the July-September period of FY24, the company said in an exchange filing. Total income rose to Rs 837.92 crore from Rs 692.65 crore in the year-ago period. Expenses surged to Rs 736.33 crore from Rs 595.61 crore a year ago. In a separate statement, the company said its consolidated order book stood at Rs 15,200 crore at the end of September 2024. The board has also approved acquisition of an additional 9.99 per cent stake of Welspun Michigan from Patel Engineering for around Rs 100 crore. After completion of the acquisition, Welspun Enterprises' total stake in subsidiary Welspun Michigan will increase to 60.09 per cent from 50.10 per cent. The transaction is expected to be completed on or before November 7, 2024. Welspun Michigan is an engineering and construction company, involv

Welspun Ent gains 4% on securing order worth Rs 1,989 cr from BMC in Mumbai

Welspun Enterprises received an order from BMC worth Rs 1,989.4 crore to design and construct a Tertiary Treated Water Conveyance Tunnel from Dharavi to Ghatkopar

Welspun Ent board to meet on Sept 5 to mull fundraising plans; stock up 4%

The share of Welspun Enterprises soared after the company announced that its Board is scheduled to meet on September 5 to consider and approve the proposal of raising of funds.

Welspun Enterprises Q1 results: Net profit up by 18% to Rs 109.73 cr

Welspun Enterprises on Thursday said it has reported an 18.2 per rise in consolidated profit to Rs 109.73 crore for the quarter ended June 2024. The company had posted a consolidated profit of Rs 92.80 crore in the year-ago period, according to a regulatory filing. The total income of the company in the April-June period increased to Rs 959.76 crore, over Rs 750.04 crore in the year-ago period. Welspun Enterprises Ltd is one of the country's leading infrastructure developers with a diversified portfolio of projects in the infrastructure and energy sectors.

Welspun Enterprises Q4 results: Net profit drops 45% to Rs 77.67 crore

Welspun Enterprises on Tuesday reported a 45.4 per cent decline in consolidated profit to Rs 77.67 crore for the quarter ended on March 31, 2024. The company posted a consolidated profit of Rs 142.41 crore in the year-ago period. The consolidated income dropped to Rs 866.70 crore in the January-March quarter from Rs 916.46 crore in the year-ago period, according to an exchange filing by the company. Welspun Enterprises is an infrastructure developer with diversified portfolio of projects in infrastructure and energy sectors. Shares of the company tanked more than 8 per cent to trade at Rs 363.65 per share on BSE in the pre-close session.

Welspun secures Rs 4,123 crore order from BMC for water treatment plant

The water treatment plant will be located at BMC's Bhandup Complex, which currently supplies drinking water to Mumbai City through existing Water Treatment Plants

Welspun Corp's associate arm EPIC bags Rs 3,000 cr orders in Saudi Arabia

Homegrown Welspun Corp on Thursday said its associate company East Pipes Integrated Company for Industry (EPIC) has received orders worth around Rs 3,000 crore in Saudi Arabia. "Associate company East Pipes Integrated Company for Industry in the Kingdom of Saudi Arabia (KSA) has received cumulative orders exceeding (Saudi Riyal) SAR 1.32 billion (Rs 3,000 crore)," Welspun Corp said in a statement. The new orders include supply of steel pipes to Saline Water Conversion Corporation (SWCC) with value exceeding SAR 1 billion (Rs 2,200 crore) inclusive of value added tax for manufacturing and supply of steel pipes. Another order for manufacturing and supply of steel pipes to Saudi Arabian Oil Co. (Aramco) is worth over SAR 153 million (Rs 339 crore) inclusive value of added tax. The order for double jointing and coating of steel pipes to Aramco has a value exceeding SAR 170 million (Rs 377 crore) inclusive of value added tax. EPIC is Saudi Arabia's leading manufacturer of Helical Subme

Welspun Enterprises buys 50% stake in Michigan Engineers for Rs 137 cr

Welspun Enterprises Ltd on Monday announced acquiring a little over 50 per cent stake in technology-based EPC firm Michigan Engineers Private Ltd for Rs 137.07 crore. With the completion of the transaction, Michigan Engineers Private Ltd (MEPL) has become its subsidiary, Welspun Enterprises Ltd (WEL) said in a statement. "WEL has announced acquisition of 50.10 per cent stake in MEPL, a trenchless technology-based EPC (Engineering, Procurement and Construction) company in the urban water infrastructure segment, from the existing shareholders for an equity investment of Rs 137.07 crore," the statement said. The acquisition aligns with WEL's strategy to expand its water infrastructure business and marks the company's entry into a high-margin and high-growth water and tunnelling solutions segment, strengthening its overall business portfolio, the statement said. "MEPL is strong, strategic fit for accelerating the growth of our water business and we are certain that the combined strengt

Welspun One Logistics Parks' warehousing-focussed fund raises Rs 1,000 cr

Welspun One Logistics Parks (WOLP) on Tuesday said it has raised Rs 1,000 crore within four months of launching its second warehousing-focussed fund. The company also announced the opening of its "green shoe" option to raise an additional Rs 1,000 crore. The potential corpus could reach Rs 2,000 crore upon completion of the green shoe option, which would rank it among the largest in the domestic real estate alternatives space, WOLP said in a statement. The plan entails an overall investment outlay of over Rs 8,000 crore, which will propel Welspun One to an Assets under management (AUM) of USD 1 billion, it said. "We are deeply grateful to our investors for their unwavering faith in us, which has powered our successful second fund-raise," said Anshul Singhal, Managing Director at WOLP. The warehousing sector continues to exhibit strong growth with record-high demand of 51.3 million square feet in FY23, implying a CAGR of 24 per cent during FY17-23, according to the company. With a

Welspun One Logistics Parks raises Rs 500 cr under 2nd AIF in initial phase

Welspun One Logistics Parks (WOLP) on Monday said it has successfully concluded the initial close of its second Alternative Investment Fund (AIF), WOLP Fund 2, raising Rs 500 crore in eight weeks. WOLP Fund 2 was launched in March and aims to raise a corpus of Rs 2,000 crore, including a green-shoe option of Rs 1,000 crore, the company said in a statement. The sum of Rs 500 crore was raised from domestic high net worth and family office investors, it said and added that the speed of the raise underscores the strong investor confidence in both, the Welspun One platform and the prospects of the warehousing and industrial sector in India. We have witnessed an exceptional investor response, as the first round of WOLP Fund 2 successfully closed at INR 500 crore within an 8-week timeframe, which is a record of sorts in the alternative investments space, said Anshul Singhal, Managing Director at Welspun One Logistics Parks. Along with project-level debt, this is expected to give the fund

Welspun Corp Limited subsidiary completes acquisition of Sintex-BAPL

Propel Plastic Products Private Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL), has discharged the consideration to the creditors of Sintex-BAPL Limited

Stocks to Watch: NBFCs, Punjab & Sind Bk, Capri Global, Welspun Enterprises

Stocks to Watch: Balrampur Chini, Indiabulls Housing Finance and Punjab National Bank (PNB) were the three stocks in F&O ban period on Wednesday.

Welspun Enterprises bags Rs 4,636-cr order from civic body BMC

This takes the outstanding order book of the company to around Rs 12,500 crore, of which Rs 6,500 crore is in the water sector and the balance Rs 6,000 crore is from the road sector, WEL said

Welspun Enterprises Q1 consolidated net profit rises 28% to Rs 25.66 cr

Welspun Enterprises Ltd on Thursday said its consolidated net profit rose 28.36 per cent to Rs 25.66 crore in the first quarter ended June 30.

Adani Welspun strikes gas in Mumbai Offshore's Tapti-Daman sector

AWEL said the drilling of the current well in March 2021 has confirmed the presence of substantial quantities of gas and condensate in the Block