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Welspun Enterprises trades in green on the BSE

  • Nov-14-2017
  • 14 Hrs IST

Welspun Enterprises is currently trading at Rs. 147.95, up by 0.15 points or 0.10% from its previous closing of Rs. 147.80 on the BSE.

The scrip opened at Rs. 146.00 and has touched a high and low of Rs. 149.50 and Rs. 145.30 respectively. So far 103971 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 172.95 on 30-Oct-2017 and a 52 week low of Rs. 54.00 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 154.55 and Rs. 142.00 respectively. The current market cap of the company is Rs. 2187.92 crore.

The promoters holding in the company stood at 44.56%, while Institutions and Non-Institutions held 11.44% and 44.00% respectively.

Welspun Enterprises’ WASPPL and National Highways Authority of India (NHAI) have executed the Concession Agreement for six laning of Aunta-Simaria (Ganga Bridge with approach roads) section of NH-31 from Km 197.900 to Km 206.050 (Design Chainage) (Existing Chainage Km 204.741 to Km 209.945) in the state of Bihar on Hybrid Annuity Model (Package II). Welspun Enterprises has subscribed 74% of the initial equity share capital in Welspun Aunta-Simaria Project (WASPPL).

The company, through WASPPL, will develop the project stretch of 8.15 km. at a Bid Project Cost of Rs 1,161 crore, and shall receive Rs 9.90 crore / year (adjusted for inflation) as O&M payments along with the Annuity and Interest thereon from NHAI for a period of 15 years post-construction. With this project, the company has built a portfolio of four Hybrid Annuity Model projects of NHAI totaling to Rs 4,129 crore.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in Oil & Gas Exploration.