Welspun Enterprises emerges as L1 bidder for two projects, board to consider fundraising; here’s how stock reacted

As stated in its exchange filing, the Board of Directors of Welspun Enterprises will meet on Wednesday, October 15, 2025, to consider a proposal to raise funds through the issuance of convertible equity warrants via a preferential issue. The proposed fundraising will be subject to applicable laws, regulatory clearances, and approval from the company’s shareholders.

According to the Company’s Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, new projects are usually announced only after getting the Letter of Award (LoA).

“However, pursuant to the proposed corporate action being placed before the Board, as a matter of transparency with all our stakeholders, as a one-time measure, the Company is voluntarily disclosing its L1 bidder status in the following projects,” the company said in an exchange filing.

Welspun Enterprises won a contract for a six lane partially elevated highway from Pune to Shirur (NH-753F) in Maharashtra. The project includes a partially elevated six-lane highway and road improvements over 53.4 km.

It is a DFBOT (Toll) project with a 29-year concession and a total cost of around ₹7,300 crore. The construction of this highway is expected to take about four years. The company became the lowest bidder on October 3, 2025, based on projected toll revenue.

The company also emerged as a lowest bidder for 910 MLD water treatment plant in Panjrapur, Maharashtra.

The project covers civil, mechanical, electrical, and instrumentation work for a water treatment plant. The total cost, including 15 years of operation and maintenance, is around ₹3,145 crore. The company plans to execute the project with Veolia Water Technologies, Malaysia, as its technology partner and emerged as the lowest bidder on October 8, 2025.

Welspun Enterprises share price

Shares of Welspun Enterprises were trading 1.60% higher at ₹534.35 apiece on the National Stock Exchange (NSE) at 12:49 PM.

Over the past five trading sessions, Welspun Enterprises’ shares fell 1.76%, while gaining 8.87% in the past month. In the last six months, the stock rose 5.63% but has declined 11.15% year-to-date.

Shares of Welspun Enterprises hit a 52-week high of ₹655 on January 8, 2025, and a 52-week low of ₹400.05 on February 28, 2025. As of October 13, the company’s market capitalisation stood at ₹7,396.14 crore.