This Ashish Kacholia stock engaged in heavy engineering equipment, EPC services, and hi-tech manufacturing, specializing in nuclear, defense, sugar, cement, and precision engineering projects globally, hit a 5 percent upper circuit after receiving an order worth Rs. 31 crore from Vikram Sarabhai Space Centre (VSSC).
Stock Price Movement:
With a market capitalization of Rs. 1,093.18 crores, the shares of Walchandnagar Industries Limited hit a 5 percent upper circuit of Rs. 162.05 per share on Monday, up from its previous closing price of Rs. 154.35 per share.
What Happened:
Walchandnagar Industries Limited (WIL) has secured a contract worth Rs. 30.75 crores from Vikram Sarabhai Space Centre (VSSC) for the fabrication and supply of S139 segment hardware. The contract is valid for five years from March 28, 2025, or until 14 months after the last hardware delivery.
The company will manufacture key rocket components, continuing its long-standing role in India’s space programs. The company has already delivered 200 such segments for PSLV and GSLV rockets, reinforcing its leadership in space technology manufacturing.
Shareholding pattern:
Ace investor Ashish Kacholia holds a 2.60 percent stake in Walchandnagar Industries Limited, valued at Rs. 28.5 crores, consisting of 17,54,385 shares.
Global Presence:
Walchandnagar Industries Limited (WIL) has completed more than 600 projects worldwide and operates in over 20 countries across three continents. It has played a key role in building over 100 cement plants and 80 brand-new sugar factories, showcasing its strong global presence and expertise.
Product and Service Offerings:
Walchandnagar Industries Limited (WIL) is a leader in heavy engineering, specializing in manufacturing critical components for the nuclear and defense sectors. It also provides EPC services for sugar and cement projects. Additionally, WIL excels in hi-tech manufacturing, producing gearboxes, centrifugal machines, and other precision instruments.
Recent quarter results:
Walchandnagar Industries Limited’s revenue has increased from Rs. 56 crore in Q3 FY24 to Rs. 59 crore in Q3 FY25, which has grown by 5.36 percent. The net loss of the company has reduced from Rs. -19 crore in Q3 FY24 to Rs. -17 crore in Q3 FY25.
Written By – Nikhil Naik
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