About Welspun Enterprises Limited

Welspun Enterprises Limited (WEL), part of Welspun World, is a rapidly expanding infrastructure company engaged in road transport, water, tunnelling, rehabilitation, and oil and gas exploration through EPC, HAM, BOT, DBO and O&M models, with equity listed on NSE and BSE in India. The Company operates across India with a sharpened focus on bulk water distribution, transmission, and treatment, supported by alliances with Veolia and Xylem, and holds a 60% stake in Welspun Michigan Engineers Limited (WMEL) for urban water and tunnelling specialisation. As of March 31, 2025, WEL reported a healthy consolidated order book of Rs 14,354.00 crore, standalone order book of Rs 12,549.00 crore including Rs 4,413.00 crore O&M, and WMEL order book of Rs 2,906.00 crore (including Rs 1,131.00 crore DGT sub-order). Investments as of March 31, 2025 aggregated Rs 1,339.00 crore across HAM Roads (Rs 389.00 crore), Road BOT (Rs 104.00 crore), Water BOT (Rs 89.00 crore), Oil & Gas JV (Rs 469.00 crore), WMEL (Rs 237.00 crore) and other assets (Rs 51.00 crore). WEL’s origins in Welspun World and its asset-light, selective bidding model underpin consistent execution, timely delivery, and asset monetisation of operational projects to private equity, with long-term credit rating AA- and short-term A1 from CRISIL aiding low-cost funding access.

Welspun Enterprises Limited Business Segment

• Core activities: EPC and O&M services for transportation and water infrastructure; BOT/HAM/DBO projects in roads and water; tunnelling and rehabilitation via WMEL; oil and gas exploration through Adani Welspun Exploration Limited (associate/JV).

• FY 2024–25 consolidated revenue from operations: Rs 3,584.10 crore; EPC and other operating income: Rs 3,570.96 crore; BOT revenue: Rs 13.14 crore.

• Standalone FY 2024–25 revenue from operations: Rs 2,827.39 crore; EBITDA: Rs 454.59 crore; PAT: Rs 307.70 crore; cash and cash equivalents (consolidated) Rs 512.28 crore; consolidated EBITDA Rs 730.18 crore; consolidated net worth Rs 2,709.27 crore.

• Geographic split and segmental revenue contribution percentages are not disclosed in the report sections cited; hence this item is skipped as per instructions.

Welspun Enterprises Limited Key Management

• Sandeep Garg — Managing Director.

• S. Madhavan — Lead Independent Director.

• Rajesh Mandawewala — Non-Executive, Non-Independent Director; re-appointment proposed; DIN 00007179.

• Nidhi Tanna — Company Secretary, ACS 30465.

Latest Updates on Welspun Enterprises Limited

• Secured Rs 1,989.40 crore (excl. GST) Brihanmumbai Municipal Corporation (BMC) contract to design and construct the 8.5 km Dharavi–Ghatkopar tertiary treated water conveyance tunnel, marking WEL’s maiden entry into tunnelling; WMEL also executing wastewater conveyance tunnelling from Bapat Nalla and Safed Pul.

• Continued execution of the 418 MLD Dharavi Wastewater Treatment Facility for BMC; SBR civil works up to third basin completed, RCC underway for fourth, administrative building operational, IPS Wet Well excavation in progress, and key SBR equipment delivered; total project value Rs 4,139.00 crore including O&M and asset replacement of Rs 1,797.00 crore.

• Increased stake in WMEL to over 60% by acquiring an additional 9.99%, consolidating capabilities in tunnelling and urban water infrastructure.

• WMEL launched Welspun SmartOps, a 50:50 JV with UK-based SmartOps to deploy SABRE technology for decentralised wastewater treatment, with three projects delivered nationwide to date.

• Recognitions: “Construction Infrastructure Company of the Year” at Construction Times Awards 2024; Best Brand in Water Infrastructure for WMEL at the 9th ET Now Infra Focus Summit 2024; Lead Independent Director S. Madhavan recognised as Best Independent Director FY 2023–24 by the Asian Centre for Corporate Governance & Sustainability; Managing Director Sandeep Garg received IIT Roorkee Distinguished Alumnus Award for private sector leadership.

• Auditor transition: Board proposed appointment of Suresh Surana Associates LLP as Statutory Auditor for five years from the 31st AGM, with proposed FY 2025–26 audit fee Rs 0.51 crore, replacing MGB & Co. LLP upon completion of their term.