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