Welspun Enterprises' arm wins back-to-back contracts, orderbook jumps to ₹2,994 crore; check details

The outstanding order book of Welspun Michigan Engineers as of March 25, 2025, was ₹2,915.42 crore (excluding GST). With the addition of this project, the outstanding order book now stands at ₹2,994.71 crore (excluding GST).

This is the second order secured by the company in as many days. On March 25, Welspun Michigan Engineers, along with its joint venture partner Aaradhyaa & Co, secured contract worth ₹328.12 crore from Brihanmumbai Municipal Corporation (BMC) for upgrading the Haji Ali Storm Water Pumping Station. The company will hold a 75% stake in this joint venture.

Welspun Michigan Engineers Limited is a subsidiary of Welspun Enterprises Limited, which specialises in urban solutions with an emphasis on trenchless technologies such as microtunnelling & segment tunnelling, pipeline rehabilitation, pumping stations and other urban structures.

Following the announcement, Welspun Enterprises shares rose over 1% to an intraday high of ₹509.8 per share in morning trades on NSE. The company’s shares rose more than 21% so far this month amid the recent recovery in broader markets. Meanwhile, on a year-to-date basis, shares are still down 17.9%.