Welspun Enterprises

July 13 (Reuters) - Welspun Enterprises Limited WELS.NS:

• WELSPUN ENTERPRISES - UNIT EXECUTES SUB-CONCESSION AGREEMENT WITH MSIDC AND GOVERNMENT OF MAHARASHTRA

• WELSPUN ENTERPRISES - PROJECT COST IS ABOUT 73 BILLION RUPEES

• WELSPUN ENTERPRISES - PROJECT INVOLVES 6-LANE HIGHWAY CORRIDOR

Source text: ID:nBSE3QrwJt

Further company coverage: WELS.NS

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May 14 (Reuters) - Welspun Enterprises Limited WELS.NS:

• WELSPUN ENTERPRISES LIMITED - RECOMMENDS FINAL DIVIDEND OF 3 RUPEES PER SHARE

• WELSPUN ENTERPRISES LIMITED - MARCH-QUARTER CONSOL NET PROFIT 1.45 BILLION RUPEES

• WELSPUN ENTERPRISES LIMITED - MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.99 BILLION RUPEES

Source text: ID:nBSE94N459

Further company coverage: WELS.NS

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April 30 (Reuters) - Welspun Enterprises Limited WELS.NS:

• WELSPUN ENTERPRISES LIMITED - RECEIVES PROJECT ORDER WORTH 73 BILLION RUPEES

Source text: ID:nNSE7FZjFD

Further company coverage: WELS.NS

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March 19 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• TO BUY 20% STAKE IN WELSPUN CORPORATE SERVICES

• OTHER WELSPUN GROUP ENTITIES TO BUY REMAINING 80% OF WCSL

Source text: ID:nBSE2GSZ3n

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May 15 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• DIVIDEND OF 3 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT FROM CONTINUING OPERATIONS 1 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.21 BILLION RUPEES

Source text: [ID:]

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May 12 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• TO CONSIDER RAISING FUNDS UPTO 10 BILLION RUPEES

• TO CONSIDER PRIVATE PLACEMENT OF SECURITIES UPTO 10 BILLION RUPEES

Source text: ID:nBSE3ThG9D

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March 27 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• APPROVED SALE OF ITS ENTIRE STAKE IN KIM MANDVI CORRIDOR

• APPROVED SALE OF ITS ENTIRE STAKE IN BUILDTECH PROJECTS & INFRA

Source text: [ID:]

Further company coverage: WELS.NS

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Feb 5 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• GOT ORDER WORTH 2.91 BILLION RUPEES

Source text: ID:nBSE4cbhD5

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** Shares of Welspun Enterprises WELS.NS fall 6.1% to 564.5 rupees

** Stock heads for biggest daily pct decline in over three months

** The infrastructure developer's Q3 consol profit fell 3.6% to 770.5 mln rupees ($8.9 mln)

** Co's rev rose 22.7% to 8.67 bln rupees while expense jumped ~30% to 8.02 bln rupees

** WELS moved below its 50-day and 100-day simple moving avgs after the results

** More than 1.6 mln shares traded, 4.4x its 30-day moving avg

** Stock sees most active day in over eight months

** WELS rose 88.3% in 2024, gaining for fifth straight year

($1 = 87.0275 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Feb 3 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• SALE OF 19% STAKE IN WELASSURE

• SALE FOR 9.5 MILLION RUPEES

Source text: [ID:]

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** Shares of Patel Engineering PENG.NS climb 4% to 51.07 rupees

** Civil engineering firm approved sale of 9.99% stake worth 1 bln rupees ($11.9 mln) in Welspun Michigan Engineers to Welspun Enterprises WELS.NS

** Stock down 10% so far this month, on track for biggest monthly fall since March, if losses hold

($1 = 84.0550 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Oct 29 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• WELSPUN ENTERPRISES - ENTERING INTO A STRATEGIC PARTNERSHIP AGREEMENT BY UNIT WITH SMARTOPS UK

• WELSPUN ENTERPRISES LTD - PARTNERSHIP TO TRANSFORM WATER RECLAMATION IN INDIA

Source text: ID:nNSE6NzCJb

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** Shares of Welspun Enterprises WELS.NS rise 2.8% to 554 rupees

** The infrastructure developer gets LoA from Brihanmumbai Municipal Corp for a water conveyance tunnel project

** Total contract value for project stands at 19.89 bln rupees (~ $237 mln)

** Stock up ~70% so far this year, set for a fifth straight annual gain, if trend holds

($1 = 83.9275 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Oct 8 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• GETS LETTER OF ACCEPTANCE FOR PROJECT WITH VALUE OF 19.89 BILLION RUPEES

Source text for Eikon: ID:nNSEbSfw6g

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** Shares of Welspun Enterprises WELS.NS rise as much as 5.9% to 590 rupees

** Co got order worth 19.9 bln rupees ($237.5 mln) for water distribution tunnel

** Stock last up 2%

** ~852,000 shares traded so far, busiest day since Aug. 30

** Stock up ~74% YTD vs 76.5% climb in rival KEC International KECL.NS

($1 = 83.7840 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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Sept 27 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• DECLARED AS L1 BIDDER FOR PROJECT WORTH 19.9 BILLION RUPEES

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Sept 5 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• APPROVED ENABLING RESOLUTION TO RAISE FUNDS UPTO 10 BILLION RUPEES

Source text for Eikon: ID:nBSE9XK8bR

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** Shares of Welspun Enterprises WELS.NS rise 2.1% to 579.10 rupees

** Engineering co's unit gets contract worth 1.60 billion rupees ($19.1 million)

** Stock on track for second straight session of gains

** Close to 300,000 shares traded - 0.8x the 30-day avg vol - in stock's busiest session this week

** WELS up ~77% YTD, had jumped ~106% last year in fourth straight year of gains

($1 = 83.9280 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Welspun Enterprises WELS.NS up 4.4% at 462.3 rupees

** Indian Oil Corp IOC.NS and the infra development co settle suit filed by WELS in 2018 in relation to Panipat Naphtha Cracker Project

** As per settlement terms, IOC will pay 159.6 mln rupees ($1.9 mln) to Welspun, with interest amount worth 77.1 mln rupees; WELS will withdraw suit post settlement

** Stock up 1.6% so far this week, its eighth straight week of gains

** Stock on track to log longest weekly winning run in at least 10 years, as per LSEG data

($1 = 83.4500 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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June 6 (Reuters) - Indian Oil Corporation Ltd IOC.NS:

• INDIAN OIL CORPORATION, CO AGREED TO AMICABLY SETTLE SUIT BY MEDIATION PROCEEDINGS BY DELHI HIGH COURT

• IOCL SHALL PAY TO CO 159.6 MILLION RUPEES, INTEREST 77.1 MILLION RUPEES TOWARDS FULL AND FINAL SETTLEMENT OF ALL CLAIMS

• POST SETTLEMENT, CO SHALL WITHDRAW SUIT FILED BEFORE DELHI HIGH COURT

Source text for Eikon: ID:nNSE4TfcQW

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** Shares of engineering firm Welspun Enterprises WELS.NS rise as much as 9.5% to 406 rupees

** Co says it emerged as lowest bidder for a construction project worth 18.65 bln rupees ($224 mln)

** Nearly 1.7 mln shares traded by 1:30 p.m. IST, nearly 4x their 30-day avg

** Stock closed down about 7% on Tuesday after reporting a drop in qtrly profit

** Stock last up around 6.5%, taking YTD gains to 21%

($1 = 83.2600 Indian rupees)

(Reporting by Nishit Navin)

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May 21 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• WELSPUN ENTERPRISES - APPROVED SELLING OF 19% OF EQUITY SHARES OF WGSL AND WTSL, RESPECTIVELY, HELD BY CO TO ARYABHAT VYAPAR

• WELSPUN ENTERPRISES - TRANSFER OF SHAREHOLDING OF WELSPUN GLOBAL SERVICES AND WELSPUN TRANSFORMATION

Source text for Eikon: ID:nNSE45xGVB

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** Shares of Welspun Enterprises WELS.NS up 6.5% at 335.15 rupees

** The engineering firm secured a contract to design, build, and operate a 2,000 million litres per day water treatment plant project valued at 41.24 billion rupees ($497.7 mln)

** Stock has been trading above its 200-day moving average since last April

** WELS on track to snap three consecutive weeks of losses, it trend holds

** WELS up 1.7% YTD after an ~106% surge in 2023

($1 = 82.8540 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Welspun Enterprises WELS.NS rise as much as 6.1% to hit a record high of 381.9 rupees

** The engineering firm won contract for water treatment plant project

** Stock on track for best day since Jan 29, if gains hold

** Shares fell after co reported Q3 profit slump on Feb 1

** Still, stock gained 5.8% in one week

(Reporting by Varun Vyas in Bengaluru)

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Feb 7 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• WELSPUN ENTERPRISES LTD - DECLARED L1 BIDDER FOR A DBO CONTRACT FOR DEVELOPMENT OF NEW 2,000 MLD WATER TREATMENT PLANT

• WELSPUN ENTERPRISES LTD - TOTAL CONTRACT VALUE EXCLUDING GST IS 41.28 BILLION RUPEES

Source text for Eikon: ID:nBSE2VZFSh

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By Sumit Khanna

AHMEDABAD, Dec 20 (Reuters) - Companies across many sectors on Wednesday signed initial investment pacts totalling $18.75 billion for projects they will build in India's western state of Gujarat, according to a government statement.

As part of the deals, an arm of Welspun Enterprises WELS.NS will invest $5.11 billion, partly to build green hydrogen and green ammonia facilities, documents reviewed by Reuters showed.

The string of investment pacts come days ahead of India's Prime Minister Narendra Modi opening the state's biennial investment forum where he wants to boost his home state of Gujarat's manufacturing capabilities in key sectors.

Other heads of state and business leaders are expected to attend the forum.

Deals inked on Wednesday also include agreements with state-backed Housing and Urban Development Corp HUDC.NS to disburse loans worth 145 billion rupee ($1.74 billion) and with the National Bank of Agriculture and Rural Development to provide financing worth 260 billion rupees, documents showed.

Last week, Gujarat also inked a deal with steel manufacturer ArcelorMittal Nippon Steel India ESRG.UL worth 125 billion rupees to upgrade an existing project in the state by 2026, as per the documents, along with another set of deals worth 450 billion rupees.

Welspun, ArcelorMittal, Housing and Urban Development and the National Bank were not immediately available to comment after normal business hours.

Separately, Indian conglomerate Essar also said last week it will invest nearly 550 billion rupees in energy transition, power and port sectors in the state, as it renews the firm's strategic investments after clearing a huge debt.

($1 = 83.1390 Indian rupees)

(Writing by Shivangi Acharya; Editing by Lisa Shumaker)

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Nov 9 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• SEPT-QUARTER CONSOL NET PROFIT 620.3 MILLION RUPEES VERSUS 1.32 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.46 BILLION RUPEES VERSUS 5.3 BILLION RUPEES

Source text for Eikon: ID:nBSE9m8C30

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** Shares of Construction engineering firm Welspun Enterprises WELS.NS rise as much as 5% to 298.90 rupees

** Brokerage Antique Stock Broking says there has been over 130 bln rupees ($1.56 bln) of fresh water civil work tenders out for bidding over the last three months along with 1.4 trln rupees road works

** WELS should be in a position to win 60-80 bln rupees in order inflow in FY24 - Antique

** Expects WELS to deliver a revenue/EBITDA growth of 29%/ 55% and CAGR of 39% in FY23-25; maintains "buy" rating, raises TP to 376 rupees from 370 rupees

** More than 319,000 shares change hands by 1:40 p.m. IST, 1.4x 30-day avg

** Stock currently up 2.3%, bringing YTD gains to 83.6%

($1 = 83.1290 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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Aug 21 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• ACQUIRES 50.10% STAKE IN MICHIGAN ENGINEERS

• ACQUISITION FOR EQUITY INVESTMENT OF 1.37 BILLION RUPEES

Source text for Eikon: ID:nBSE2QrdlF

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Aug 1 (Reuters) - Welspun Enterprises Ltd WELS.NS:

• INDIA'S WELSPUN ENTERPRISES LTD JUNE-QUARTER CONSOL NET PROFIT FROM CONTINUING OPERATIONS 925.7 MILLION RUPEES VERSUS PROFIT 244.3 MILLION RUPEES

• WELSPUN ENTERPRISES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.99 BILLION RUPEES VERSUS 6.90 BILLION RUPEES

Source text for Eikon: ID:nNSEb0KJb

Further company coverage: WELS.NS

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