
Business Update7 Oct 2026, 01:43 pm
Welspun Subsidiary Secures ₹66 Cr NDMC Contract
AI Summary
Welspun Enterprises Ltd announced that its material subsidiary, Welspun Michigan Engineers Limited (WMEL), has received a Letter of Acceptance from New Delhi Municipal Council (NDMC). The contract is for the rehabilitation of an old sewer twin barrel pipeline from C-Hexagon to Lodhi Road. The contract value is approximately ₹66 Crore, excluding GST. This project is to be executed within 18 months from the commencement date. WMEL's current order book now stands at approximately ₹2,356.66 Crore, with a total addition of about ₹366.66 Crore since June 2026. The company is making this disclosure on a voluntary basis.
Key Highlights
- Subsidiary WMEL awarded ₹66 Cr contract by NDMC.
- Project involves rehabilitation of old sewer twin barrel pipeline.
- Contract to be executed within 18 months.
- Subsidiary's order book now stands at ₹2,356.66 Crore.
- Disclosure made on a voluntary basis.
Price Impact
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