Welspun Enterprises gets Delhi-Meerut order for Rs.841.50 crore

Under HAM, the company will develop Package I (of 8.716 km length) of the Delhi – Meerut Expressway at a Bid Project Cost of Rs.841.50 crore, and operate it for a period of 15 years.

Dec 31, 2015 04:12 IST India Infoline News Service

Welspun Enterprises has been awarded with Package I of the Delhi-Meerut Expressway Project to be developed through Hybrid Annuity Model (HAM) from NHAI. Under HAM, the company will develop Package I (of 8.716 km length) of the Delhi – Meerut Expressway at a Bid Project Cost of Rs.841.50 crore, and operate it for a period of 15 years. 

 Welspun Enterprises Ltd is currently trading at Rs. 64, up by Rs. 2.9 or 4.75% from its previous closing of Rs. 61.1 on the BSE.

The scrip opened at Rs. 63 and has touched a high and low of Rs. 65.5 and Rs. 63 respectively. So far 479297(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1058.99 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.1 on 05-Aug-2015 and a 52 week low of Rs. 24.6 on 21-Jan-2015. Last one week high and low of the scrip stood at Rs. 63 and Rs. 56.45 respectively.

The promoters holding in the company stood at 37.56 % while Institutions and Non-Institutions held 17.13 % and 37.34 % respectively.

The stock is currently trading below its 100 DMA.

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