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Welspun Ent Lowest Bidder for Rs 1,864 Cr Project in Maharashtra

May 30, 2024

By: BlinkX Research Team

Welspun Enterprises on Wednesday, May 22 said it has emerged as the lowest bidder to construct an access-controlled multi-modal corridor from Navghar to Balavali in Maharashtra.

Key Takeaways from Welspun Enterprises Limited:

• Welspun Enterprises emerged as the lowest bidder to construct an access-controlled multi-modal corridor.
• The project is worth Rs 1,864.71 crore and will be constructed within 36 months.
• Maharashtra State Road Development Corporation is the client for the project.

The project is worth Rs 1,864.71 crore and will be constructed within 36 months of its commencement on an EPC basis. The Maharashtra State Road Development Corporation (MSRDC) is the client for the project.

The company received a letter of acceptance a couple of months ago from the BMC for a 2,000 MLD water treatment plant at Bhandup, sub-urban Mumbai of 4,123 crore rupees where it emerged as the lowest bidder.

The water treatment plant, one of the largest in the world in terms of capacity, is located at BMC’s Bhandup Complex, which is currently supplying drinking water to Mumbai City through existing Water Treatment Plants.

About Welspun Enterprises Limited: H2

Welspun Enterprises Limited is an infrastructure development company focusing on road, water and wastewater segments. Welspun Enterprises also has investments in oil & gas exploration. The company has a proven track record with the execution of water supply projects and over 1,000 kilometres of road projects.

Read More About Welspun Enterprises Limited Share Price Here!