Welspun Enterprises Limited (WEL) has announced that its Board of Directors will meet on October 15, 2025, to consider fundraising through the issuance of convertible equity warrants on a preferential basis. The proposal will be reviewed subject to regulatory and shareholder approvals under applicable laws.
The meeting will focus on exploring potential fundraising options, including the issuance of convertible equity warrants, to strengthen the company’s financial position and support future growth initiatives. The proposal will be subject to necessary statutory and shareholder approvals.
As a measure of transparency, WEL has voluntarily disclosed its L1 (lowest bidder) status in 2 major infrastructure projects in Maharashtra, cumulatively valued at approximately ₹10,445 crore. Although the company’s policy permits public disclosure only after receiving the Letter of Award (LoA), this voluntary disclosure aims to keep stakeholders informed about key developments.
The first project involves the construction of a 6-lane partially elevated highway corridor from Km.10+600 to Km.64+000 (Pune to Shirur section of NH-753F) under the Ministry of Road Transport and Highways. The project, worth around ₹7,300 crore, will be implemented by Maharashtra State Infrastructure Development Corporation with a concession period of 29 years and a construction timeline of 4 years. WEL will serve as a sub-concessionaire and emerged as the lowest bidder on October 03, 2025.
Read More: Road and Rail Ministries Mark Historic ₹3.1 Lakh Crore Capex in H1FY26!
The second project entails developing a 910 MLD Water Treatment Plant at Panjrapur, Maharashtra, for the Brihanmumbai Municipal Corporation. The ₹3,145 crore project, which includes GST, covers design, construction, and comprehensive operation and maintenance for 15 years post-completion. The construction is expected to be completed within 48 months. WEL has partnered with Veolia Water Technologies, Malaysia, as its technology partner, and secured L1 status on October 08, 2025.
The company confirmed that the unpublished price-sensitive information related to these projects has been duly recorded in the Structured Digital Database, with the trading window remaining closed since October 01, 2025, in accordance with SEBI (PIT) Regulations. Further updates will be shared upon receipt of the respective Letters of Award.
On October 13, 2025, Welspun Enterprises share price opened at ₹536.00 on NSE, above the previous close of ₹525.95. During the day, it surged to ₹544.95 and dipped to ₹525.05. The stock is trading at ₹532.25 as of 9:50 AM. The stock registered a gain of 1.20%.
Over the past week, it has declined by 0.69%, over the past month, it has moved up by 8.50%, and over the past 3 months, it has moved up by 2.26%.
Welspun Enterprises’ upcoming Board meeting to evaluate fund raising plans and its L1 status in key infrastructure projects underscores its continued focus on expansion and portfolio diversification. The ₹10,445 crore project win marks a major milestone for the company’s growth trajectory in the road and water management sectors.
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Published on: Oct 13, 2025, 12:17 PM IST
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