India's Welspun Enterprises rises as co wins about 20-bln-rupee tunnel project contract

Welspun Enterprises

09/10/2024 05:03

** 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)
 ((dimpal.gulwani@thomsonreuters.com))