Introduction:
Leading infra firm has secured a ₹328.12 crore contract from BMC to upgrade Mumbai’s Haji Ali Storm Water Pumping Station, including mechanical, electrical, and civil works, along with a 15-year operations and maintenance phase.
Share price movement of Welspun Enterprises:
On March 26, 2025, Welspun Enterprises Ltd opened at ₹520.05, up 2.26% from its previous close of ₹507.90. The stock reached a high of ₹529.50 (4.26%) and a low of ₹506.50. By 10:21 AM, it traded at ₹513.50, a 1.10% increase, with a market cap of ₹7,107.55 crore.
WMEL Secures ₹328 Cr BMC Contract:
Welspun Michigan Engineers Limited (WMEL), in a joint venture with Aaradhyaa & Co, has secured a ₹328.12 crore contract from the Brihanmumbai Municipal Corporation (BMC). It is to upgrade the Haji Ali Storm Water Pumping Station in Mumbai’s G/S Ward.
The contract involves mechanical, electrical, instrumentation, automation, and civil repair works, with an 18-month completion timeline (excluding monsoons). It includes a 15-year operations and maintenance (O&M) phase that reinforces WMEL’s expertise in infrastructure development.
This marks WMEL’s second major pumping station project after securing the Mogra Storm Water Pumping Station contract in February 2025. With this order, its outstanding order book now stands at ₹2,915.42 crore.
Ace investor holding in Welspun Enterprises:
Chirag Dilipkumar Lakhi and Dilipkumar Lakhi
Chirag Dilipkumar Lakhi and Dilipkumar Lakhi hold 7,804,228 shares, representing a 5.63% stake in Welspun Enterprises Ltd, with a total investment valued at ₹400.6 crore.
Stock performance of Welspun Enterprises for Period of 1 week, 6 months, and 1 year:
Welspun Enterprises Ltd delivered a 7.33% return over the past week, declined by 8.80% in the past six months, and gained an impressive 68.2% over the past year.
Also Read: Delhi Budget 2025: Important points from this year’s ₹1 Lakh Cr budget
Shareholding pattern of Welspun Michigan Engineers:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 54.80% | 54.50% | 54.50% |
| FII | 4.60% | 4.70% | 4.70% |
| DII | 6.30% | 5.00% | 5.00% |
| Public | 33% | 34.40% | 34% |
| Others | 1% | 1.40% | 1.40% |
About Welspun Enterprises:
Welspun Enterprises Ltd (NSE: WELENT), part of the USD 2.7 billion Welspun Group, focuses on infrastructure, investing in oil & gas, road, and water sectors through HAM, BOT-Toll, and EPC projects.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
