Water management companies Enviro Infra Engineers, Welspun Enterprises, and VA Tech Wabag are experiencing growth, backed by substantial order books worth 5600 crore INR, 19739 crore INR, and 17200 crore INR respectively. Their robust execution in the sector suggests a promising future for water management businesses.
Welspun Enterprises Limited
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Welspun Enterprises has won a major road project in Pune-Shirur worth 7,300 crores, adding to their growing portfolio and projected revenue for FY26 of 3,615 crores. With an order book currently standing at 20,000 crores, the company shows significant growth potential.
Welspun Enterprises has announced a Rs. 3 per share annual dividend, with the ex-dividend date set for July 3, 2026. Shareholders must hold their shares by this date to qualify for the dividend payment.
Welspun Enterprises has reported impressive results for Q4FY26, suggesting a steady recovery. Notably, the company has addressed and started to overcome its labor shortage challenges.
Welspun Enterprises reported a substantial 45% rise in Q4 profits, reaching INR 145.2 crore, with revenue increasing by 13.8% to INR 1,200 crore. The company's order book expanded to INR 20,000 crore, and the board approved a fundraising of INR 1,000 crore, along with a dividend payout of INR 3 per share. Additionally, leadership changes have been announced within the company.
Welspun Enterprises reported a substantial 45% increase in its Q4 net profit, reaching ₹1.45 billion, while also achieving a revenue growth of 20%, bringing it up to ₹12 billion compared to the previous year.
Welspun Enterprises has unveiled its Q4 FY26 results, accompanied by an investor presentation showcasing their financial status, strategic plans, and can be found on their official website.
HG Infra Engineering saw a 1.6% increase in share price to Rs 629.7, following the company's win of a substantial ₹3,931 crore contract for constructing a six-lane highway corridor on NH 753F between Pune and Shirur, as reported by Business Standard.
HG Infra Engineering has received a letter of award valued at INR 3,931 crores from Welspun Enterprises, marking a significant partnership for future projects.
Welspun Enterprises has established a new subsidiary, Welspun Pune Shirur Projects, for the development of a 53.4 km stretch of the Pune-Shirur highway. This project will be executed under the Design, Build, Finance, Operate, and Transfer (DFBOT) Toll mode.