Welspun Enterprises submits proposal to restructure Dewas project

India Infoline News Service | Mumbai | August 28, 2017 15:18 IST

Welspun Enterprises said that the company submitted a proposal to Madhya Pradesh State Industrial Development Corporation (MPSIDC), to restructure the Dewas Industrial Water Supply Project under the Madhya Pradesh Infrastructure Development (Swiss Challenge) Guidelines 2014.

Bombay Stock Exchange, BSE
Welspun Enterprises said that the company submitted a proposal to Madhya Pradesh State Industrial Development Corporation (MPSIDC), to restructure the Dewas Industrial Water Supply Project under the Madhya Pradesh Infrastructure Development (Swiss Challenge) Guidelines 2014.
 
The estimated cost of the restructured project as per the bid documents of the project is Rs 118 crore. The restructured project involves the development of a water supply project to supply treated water of up to 23 million litres per day (MLD) to industrial customers in Dewas during the concession period, said the company.
 
Once the restructured project is operational, the earlier Dewas Industrial Water Supply Project from Nemawar will be handed over to PWD, MP government, at no cost, added the company.
 
Welspun Enterprises was trading at Rs 132.20 per share, down by Rs 0.25 or 0.19% as at 1446 hours on Monday, on the BSE. The stock attracted a traded volume of 3,36,393 shares and traded value of Rs 447.91 lakh on the NSE.

***Note: This is a NSE Chart

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