{"id":144471,"date":"2025-02-06T13:54:23","date_gmt":"2025-02-06T08:24:23","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=144471"},"modified":"2025-02-06T16:57:42","modified_gmt":"2025-02-06T11:27:42","slug":"infra-stock-jumps-3-after-receiving-291-cr-order-from-brihanmumbai-municipal","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/infra-stock-jumps-3-after-receiving-291-cr-order-from-brihanmumbai-municipal\/","title":{"rendered":"Infra stock jumps 3% after receiving \u20b9291 Cr order from Brihanmumbai Municipal"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1213770436\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of an infrastructure company, specializing in designing, building, and operating large-scale infrastructure projects, jumped upto 3 percent upon receiving a work order for Rs. 290.88 Crore from Brihanmumbai Municipal Corporation.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3359178631\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 7,969.18 crores on Thursday, the shares of <strong>\u00a0<\/strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/WELENT\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Welspun Enterprises<\/strong> <strong>Ltd<\/strong><\/a><strong> <\/strong>rose upto 3.4 percent in Intraday\u2019s trade making a high of Rs. 577.80 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Welspun Enterprises\u2019s subsidiary Welspun Michigan Engineers Limited (WMEL) has received an EPC contract from Brihanmumbai Municipal Corporation (BMC) for Rs. 290.88 Crores, for the design and construction of a state-of-the-art stormwater pumping station, complete with mechanical, electrical, and automation systems.<\/p><p>Additionally, the contract encompasses a comprehensive operations and maintenance (O&amp;M) phase for seven years and it is set to be completed within 20 months, excluding the monsoon period. With this order, WMEL\u2019s outstanding order book as of January 31, 2025, will increase to approximately Rs. 2,791.76 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4021935925\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>This is a critical flood mitigation initiative, the Mogra Storm Water Pumping Station will efficiently pump excess rainwater from storm drains into the sea during heavy monsoons, reducing the risk of urban flooding. This project is expected to provide significant relief to flood-prone areas such as Oshiwara, Andheri, Versova, and Jogeshwari, enhancing Mumbai\u2019s drainage infrastructure and resilience against extreme weather events.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary<\/strong><\/h2><p><strong>Mr. Saurin Patel, Managing Director of Welspun Michigan Engineers Limited said:<\/strong> \u201cThe Mogra Storm Water Pumping Station is a vital infrastructure project designed to mitigate monsoon flooding in Andheri and surrounding areas. This initiative reflects our unwavering commitment to enhancing Mumbai\u2019s resilience against heavy rainfall and advancing urban flood management. With this contract, we further strengthen our dedication to building robust urban infrastructure through innovative engineering, state-of-the-art technology, and sustainable water management solutions.\u201d&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company<\/strong><\/h2><p>Welspun Enterprises Ltd is a prominent infrastructure development company in India. It focuses on sectors like roads, water, and urban infrastructure. Welspun Enterprises also engages in public-private partnership (PPP) ventures. With a strong portfolio of completed projects, it is known for its commitment to quality and innovation in the infrastructure space.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong>&nbsp;<\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-104417463\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of an infrastructure company, specializing in designing, building, and operating large-scale infrastructure projects, jumped upto 3 percent upon receiving a work order for Rs. 290.88 Crore from Brihanmumbai Municipal Corporation. Price action With a market capitalization of Rs. 7,969.18 crores on Thursday, the shares of \u00a0Welspun Enterprises Ltd rose upto 3.4 percent in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":132483,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-144471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infra stock jumps 3% after receiving \u20b9291 Cr order from Brihanmumbai Municipal - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of an infrastructure company, specializing in designing, building, and operating large-scale infrastructure projects, jumped upto 3 percent upon receiving a work order for Rs. 290.88 Crore from Brihanmumbai Municipal Corporation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/infra-stock-jumps-3-after-receiving-291-cr-order-from-brihanmumbai-municipal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infra stock jumps 3% after receiving \u20b9291 Cr order from Brihanmumbai Municipal\" \/>\n<meta property=\"og:description\" content=\"The shares of an infrastructure company, specializing in designing, building, and operating large-scale infrastructure projects, jumped upto 3 percent upon receiving a work order for Rs. 290.88 Crore from Brihanmumbai Municipal Corporation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/infra-stock-jumps-3-after-receiving-291-cr-order-from-brihanmumbai-municipal\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-06T08:24:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-06T11:27:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/09\/construction-getty-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/infra-stock-jumps-3-after-receiving-291-cr-order-from-brihanmumbai-municipal\/\",\"url\":\"https:\/\/tradebrains.in\/features\/infra-stock-jumps-3-after-receiving-291-cr-order-from-brihanmumbai-municipal\/\",\"name\":\"Infra stock jumps 3% after receiving \u20b9291 Cr order from Brihanmumbai Municipal - 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