Contract Details
Welspun Michigan Engineers Limited (WMEL), formerly known as Welspun Michigan Engineers Private Limited, has received a Letter of Acceptance from New Delhi Municipal Council (NDMC) for:
- Project: Rehabilitation of Old Sewer Twin Barrel of 2100mm Dia NP-2 Class RCC pipe
- Route: From C-Hexagon to Lodhi Road through Zakir Hussain Marg – Golf Course Subramanium Bharti Marg
- Contract Value: Approximately ₹66 Crore (excluding GST)
- Execution Timeline: Within 18 months from the commencement date
Project Timeline
The formal communication of the project was made available to WMEL after 15:00 hours on October 06, 2026.
Order Book Impact
With this contract award, WMEL's current order book now stands at approximately ₹2,356.66 Crore. This represents a total addition of approximately ₹366.66 Crore (excluding GST & provisional sum) since June 2026.
Trading Window Status
The trading window for dealing in the securities of the Company by the Designated Persons (involved in the above projects) is closed from October 01, 2026 until 48 hours after the announcement of unaudited financial results for the quarter and half year ended September 30, 2026.
Additional Information
- Awarding Entity: Domestic entity (New Delhi Municipal Council)
- No promoter/promoter group/group company interest in the entity awarding the contract
- Does not qualify as a related party transaction
- The contract is executed at arm's length basis
Annexure Details
The annexure provides comprehensive project details including nature of work, contract value, execution timeline, and relationship disclosures as required under SEBI regulations.