Shares of Welspun Enterprises Ltd were trading 2% higher on 27 March after the company’s subsidiary, Welspun Michigan Engineers, secured a project from the Vadodara Municipal Corporation for a total consideration of Rs 79.29 crore.
The order is for the rehabilitation of a major drainage line in the West Zone of Vadodara, Gujarat and is expected to be completed within a year, excluding any disruption caused by the monsoon season.
The scope of the project involves rehabilitating an existing 1,800 mm diameter drainage line with the help of advanced trenchless technology that is designed to minimise the environmental and social disruptions typically associated with traditional construction methods.
Saurin Patel, Managing Director of Welspun Michigan Engineers, said, “This order for rehabilitating drainage lines in Vadodara using trenchless technology enables us to rejuvenate existing infrastructure while minimising societal costs, disruptions, and the environmental impact of traditional construction methods. It also marks our entry into a new market and serves as a strategic step in WMEL’s plans to expand into new geographies for growth.”
The latest order further strengthens Welspun Michigan Engineers Ltd (WMEL) ‘s expanding portfolio, reinforcing its expertise in urban infrastructure solutions. The company specialises in advanced techniques such as micro tunnelling, segment tunnelling, and pipeline rehabilitation.
WMEL has successfully executed high-impact projects in cities like Mumbai, Delhi, Ahmedabad, and Cuttack, utilising trenchless technologies to develop sewerage networks and stormwater drainage systems with minimal environmental disruption.
Formerly known as Michigan Engineers Private Ltd, WMEL continues to focus on trenchless urban infrastructure, including pipeline rehabilitation, pumping stations, and other critical urban structures.
At 2:14 pm, the shares of Welspun Enterprises were trading 0.95% higher at Rs 505.85 on NSE.
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