Shares of Welspun Enterprises Ltd rallied 3% on 13 October after the company announced successful fund-raising and being the lowest bidder for two contracts totalling over Rs 10,000 crore.

Welspun Enterprises’ Board of Directors will meet on Wednesday, 15 October 2025, to discuss, among other things, a proposal to raise capital through the preferential issuing of convertible stock warrants, subject to regulatory approvals and shareholder consent.
 
According to the Company’s Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, new projects that surpass the materiality level are typically revealed only after receipt of the Letter of Award (LoA), it stated. However, in a one-time act of transparency, Welspun has freely declared its L1 bidder status for two significant projects.

1) A 6-Lane Partially Elevated Highway Corridor (Pune to Shirur, NH-753F, Maharashtra): The project, under DFBOT (Toll) mode with a 29-year concession, has a total cost of Rs 7,300 crore and a construction time of four years.  On 3 October 2025, Welspun submitted the lowest bid based on the net present value of predicted toll income.

2) Brihanmumbai Municipal Corporation awarded a Design, Build, and Operate contract for a 910 MLD Water Treatment Plant at Panjrapur, Maharashtra. The project costs Rs 3,145 crore and includes 15 years of operation and maintenance. Welspun will carry out the project alongside Veolia Water Technologies, Malaysia, as its technical partner, and emerged as the lowest bidder on 8 October 2025.

At 11:45 am, the shares of Welspun Enterprises were trading 1.85% higher at Rs 535.70 on NSE.

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