BSECompany Update7 Oct 2026 · 7 Oct 2026, 01:40 pm
Receipt of Letter of Acceptance by Welspun Michigan Engineers Limited, Material Subsidiary of the Company
Welspun Enterprises Ltd · 532553
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Welspun Enterprises Ltd's material subsidiary, Welspun Michigan Engineers Limited, has received a Letter of Acceptance from New Delhi Municipal Council for a contract worth ~Rs. 66 Crore for the rehabilitation of an old sewer twin barrel. This adds to the subsidiary's order book, which now stands at ~Rs. 2,356.66 Crore.
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Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10
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Welspun Enterprises Ltd - 532553 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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WEL/SEC/2026 October 07, 2026
The National Stock Exchange of lndia Limited BSE Limited
Symbol: WELENT Scrip Code: 532553
Ref: Disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Dear Madam / Sir,
Sub: Intimation of receipt of Letter of Acceptance to Welspun Michigan Engineers Limited
(WMEL) (Formerly known as Welspun Michigan Engineers Private Limited), material
subsidiary of the Company
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended (“SEBI LODR Regulations”), we are pleased to inform you that Welspun Michigan
Engineers Limited (“WMEL”), formerly known as Welspun Michigan Engineers Private Limited, a
material subsidiary of the Company, has secured a Letter of Acceptance from New Delhi Municipal
Council (NDMC) for Rehabilitation of Old Sewer Twin Barrel of 2100mm Dia NP-2 Class RCC pipe
from C-Hexagon to Lodhi Road through Zakir Hussain Marg – Golf Course Subramanium Bharti Marg
at a contract value of ~Rs. 66 Crore (excluding GST). The Company is making this disclosure on a
voluntary basis.
The formal communication of the above-mentioned project was made available to WMEL post 15:00 hours
on October 06, 2026.
With the receipt of the aforesaid project, WMEL’s current order book stands at ~Rs. 2,356.66 Crore
with total addition of ~Rs. 366.66 Crore (excluding GST & provisional sum) since June, 2026.
The details under SEBI LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026 dated January 30, 2026 is given in Annexure – 1.
The trading window for dealing in the securities of the Company by the Designated Persons (involved
in the above projects) is already closed w.e.f. from October 01, 2026 till 48 hours post announcement
of unaudited financial results of the quarter and half year ended September 30, 2026.
Kindly take the above mentioned on record.
Thanking you.
For Welspun Enterprises Limited
Nidhi Tanna
Company Secretary
ACS – 30465
Encl: As above
Annexure – 1
The details of project are provided hereunder:
Sr. Particulars Response
1 Name of the entity awarding the New Delhi Municipal Council (NDMC)
order(s)/contract(s)
2 Significant terms and conditions of Rehabilitation of old sewer Twin Barrel of
order(s)/contract(s) awarded in brief 2100mm Dia NP-2 Class RCC pipe from C-
Hexagon to Lodhi Road through Zakir Hussain
Marg – Golf Course Subramanium Bharti Marg
3 Whether order(s) / contract(s) have been Domestic Entity
awarded by domestic/ international entity
4 Nature of order(s) / contract(s) Rehabilitation of old sewer Twin Barrel of
2100mm Dia NP-2 Class RCC pipe from C-
Hexagon to Lodhi Road through Zakir Hussain
Marg – Golf Course Subramanium Bharti Marg
5 Whether domestic or international Domestic
6 Time period by which the Within 18 months from the commencement date
order(s)/contract(s) is to be executed
7 Broad consideration or size of the Contract Value of ~Rs. 66 Crore (excluding
order(s)/contract(s) GST)
8 Whether the promoter/ promoter group / No
group companies have any interest in the
entity that awarded the order(s)/contract(s)?
If yes, nature of interest and details thereof
9 Whether the order(s)/contract(s) would fall
within related party transactions? If yes, No
whether the same is done at “arm’s length”