Welspun Enterprises Arm Secures ₹79 Crore Order from Vadodara Municipal Corporation

Welspun Enterprises has secured a significant infrastructure contract through its subsidiary, Welspun Michigan Engineers (WMEL). The ₹79.29 crore order from the Vadodara Municipal Corporation (VMC) involves the rehabilitation of an existing drainage system.

WMEL Bags Key Infrastructure Project in Vadodara

Welspun Enterprises witnessed a 1% rise in its stock price to ₹506 after its subsidiary, Welspun Michigan Engineers (WMEL), secured a ₹79.29 crore order from the Vadodara Municipal Corporation (VMC). 

The project involves rehabilitating the existing drainage system from Shrenik Park Circle to Akota-Dandiya Bazar Bridge Junction to Atladara STP in the West Zone of Vadodara, Gujarat. The contract stipulates a 12-month completion timeline, excluding monsoon periods.

Strengthening Order Book and Market Expansion

With this new project, WMEL’s outstanding order book, as of 25 March 2025, was ₹2,915.42 crore. Following this contract, it has now increased to ₹2,994.71 crore.

Saurin Patel, Managing Director of Welspun Michigan Engineers, said, “This order for rehabilitating drainage lines in Vadodara using trenchless technology enables us to rejuvenate existing infrastructure while minimizing societal costs, disruptions, and the environmental impact of traditional construction methods. It also marks our entry into a new market and serves as a strategic step in WMEL’s plans to expand into new geographies for growth.”

Welspun Enterprises Share Performance 

As of March 27, 2025, at 11:39 AM, Welspun Enterprises share price was trading at ₹507.55 per share, reflecting a surge of 1.29% from the previous day’s closing price. Over the past month, the stock has registered a profit of 20.83%

Conclusion

The new contract strengthens WMEL’s position in the infrastructure sector and highlights its focus on innovative and sustainable engineering solutions. With this strategic expansion, the company continues to reinforce its market presence and drive growth.

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