Welspun Enterprises gains 5%; emerges as lowest bidder at bid price for NHAI project
Welspun Enterprises Ltd gains around 5% as the company announced that it has emerged as the lowest bidder (L-1) for NHAI project. The scope of the project involves six lanning of Walajapeth to Chinnaiyan Chathiram Section of NH-4 (New NH-48).
The company has emerged as the lowest bidder (L-1) at bid price of Rs1,536cr. The project is on hybrid annuity mode (HAM) in the state of Tamil Nadu under NHDP phase-V.
The company has emerged as the lowest bidder (L-1) at bid price of Rs1,536cr. The project is on hybrid annuity mode (HAM) in the state of Tamil Nadu under NHDP phase-V.
Welspun Enterprises had road infrastructure order book of ~Rs4,100cr as of December 31, 2017. The company has added 4 HAM projects during 9MFY18.
Welspun Enterprises is currently trading at Rs171.70 up by Rs6.35 or 3.84% from its previous closing of Rs165.35 on the BSE.
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