Page 2 - Welspun Enterprises

Welspun Enterprises reports doubling of net profit to Rs 30 crore

Welspun Enterprises on Wednesday reported more than doubling of its consolidated profit to Rs 30.47 crore for the quarter ended September. The company had clocked a net profit of Rs 14.47 crore for the year-ago quarter, it said in a BSE filing. Its total income rose to Rs 383.63 crore during the quarter under review as against Rs 340.61 crore in the year-ago period. Total expenses for the July-September quarter declined to Rs 342.38 crore as compared to Rs 297.60 crore in the year-ago period.

Welspun launches Rs 1,100 crore manufacturing facility in Telangana

To invest Rs 400 crore for advanced textiles plant

Welspun Enterprises to look at Rs 250 billion business in next two years

At present, the company has an outstanding order book of Rs 70 billion, a large part of which is contributed from the roads segment

Welspun Enterprises up for 11th straight trading day post Q4 results

The stock hit a new high of Rs 202, rallied 32% from Rs 153 on May 9, 2018, as compared to 2.4% decline in the S&P BSE Sensex.

Welspun Enterprises up 13% on emerging as lowest bidder for TN road project

The stock moved higher by 13% to Rs 174 on the BSE after the company said it has emerged as the lowest bidder (L1) for a National Highways Authority of India project in the state of Tamil Nadu.

Welspun Enterprises clocks net profit of Rs 17.2 crore in Q2

The firm total revenue of Rs 192.8 cr for the quarter under consideration, up 260% from Rs 53.6 cr in the comparable quarter last year

Welspun Enterprises to buy 49% stake in 2 NHAI road projects from MBL Group

Infrastructure firm Welspun Enterprises Ltd (WEL) today announced acquisition of 49 per cent stake in two road projects of NHAI from MBL Group for Rs 23 crore. The company also said that its board has approved the proposal of its subsidiary - Welspun Financial Services Limited (WFSL)- to apply to RBI for NBFC licence. "WEL has agreed to acquire 49 per cent stake in two NHAI Hybrid Annuity Model (HAM) projects from MBL Group, subject to necessary approvals and statutory compliances. WEL will be the sponsor to these two projects, thus expanding its HAM project portfolio to three projects," WEL said in a BSE filing. The two projects are for four laning of Chutmalpur- Ganeshpur section of NH-72A & Roorkee-Chutmalpur-Gagalheri section of NH-73 and Gagalheri-Saharanpur-Yamunanagar (UP/Haryana Border) section of NH-73. "The consideration for the stake purchase is Rs 23 crore. The company has the option to acquire the remaining 51 per cent stake in these projects as and when the ...

Welspun Enterprises hits 52-week high; stock up 15% in two days

The stock rallied 9% to Rs 117 extending its Tuesday's 6% gain on BSE on back of heavy volumes.

Welspun Enterprises to divest 15.49% in Welspun Energy

The services of both PwC and EY were engaged for this transaction

Welspun Enterprises falls 4.7% at intra-day on share buyback plan

At 09:58 am, shares of Welspun Enterprises were trading 3.58% lower at Rs 59.25

Welspun Enterprises gains on share buyback plan

The stock rose 12% to Rs 67 after reports that board will meet on Dec 22, to consider the option to buy back the equity shares of the company