Welspun Enterprises announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 29 March 2024 .Powered by Capital Market - Live News

Welspun Enterprises (WEL), the infrastructure and energy arm ofWelspun World, has secured a significant contract to Design, Build and Operate a 2,000 MLD (million litres per day) Water Treatment Plant (WTP) at Bhandup Complex in Mumbai, from the BrihanmumbaiMunicipal Corporation (BMC). The contract, valued at Rs. 4,123.88 crore, encompasses the design, construction, and operations & maintenance of the plant. The value includes an Operations and Maintenance (O&M) component ofRs. 1,880.44 crore. The design�]build project is slated to be completed within a timeframe of 48 months, following which WEL will undertake O&M responsibilities for a period of 15 years. The proposed water treatment plant, one of the largest in the world in terms of capacity, is located at BMC�fs Bhandup Complex, which currently supplies drinking water to Mumbai City through existing Water Treatment Plants. WEL has partnered with Veolia, one of the world�fs largest technology company specializing in the water sector, as its Technology provider for the upcoming plant. WEL aims to leverage advanced treatment processes and technologies, in line with its commitment tomaximizing resource utilization and developing sustainable infrastructure solutionsThe outstanding order book of the Company as on 31 December 2023 was Rs. 8,500 crore. With the addition of this order, the outstanding order book of the Company would be around Rs. 12,650 crore (less the execution done in January & February, 2024), of which ~Rs. 9,750 crore is from the water sector and the balance ~Rs. 2,900 crore is from road sector. This order book consist of Rs. 3,677 crore of O&M & Asset replacement.Powered by Capital Market - Live News

Net profit of Welspun Enterprises declined 82.14% to Rs 71.55 crore in the quarter ended December 2023 as against Rs 400.70 crore during the previous quarter ended December 2022. Sales rose 2.07% to Rs 706.71 crore in the quarter ended December 2023 as against Rs 692.40 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales706.71692.40 2 OPM %17.799.86 - PBDT144.8561.41 136 PBT135.5258.75 131 NP71.55400.70 -82 Powered by Capital Market - Live News

Welspun Enterprises will hold a meeting of the Board of Directors of the Company on 1 February 2024.Powered by Capital Market - Live News

Net profit of Welspun Enterprises declined 53.06% to Rs 62.03 crore in the quarter ended September 2023 as against Rs 132.14 crore during the previous quarter ended September 2022. Sales rose 21.72% to Rs 645.73 crore in the quarter ended September 2023 as against Rs 530.49 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales645.73530.49 22 OPM %12.789.01 - PBDT102.8043.13 138 PBT96.9439.92 143 NP62.03132.14 -53 Powered by Capital Market - Live News