Mumbai : Welspun Enterprises has officially received a Letter of Acceptance from the Brihanmumbai Municipal Corporation, dated February 29, 2024, for the aforementioned project. The total contract value for this project amounts to Rs. 4,123.88 Crores, excluding GST.
As of December 31, 2023, the Company’s outstanding order book stood at Rs. 8,500 Crores. With the addition of this recent order, the total outstanding order book is anticipated to reach approximately Rs. 12,650 Crores, factoring in the execution completed in January and February 2024. Of this total, around Rs. 9,750 Crores is attributed to the water sector, while the remaining Rs. 2,900 Crores pertains to the road sector. Notably, within this order book, Rs. 3,677 Crore is allocated for Operations & Maintenance (O&M) and Asset Replacement.
Mr. BK Goenka, Chairman of Welspun World, commented on this achievement, stating, “The Bhandup WTP project signifies a significant milestone in Welspun Enterprises’ growth trajectory. I am confident that our steadfast commitment to leveraging technology and fostering innovation will result in the establishment of a world-class, sustainable water treatment plant. This endeavor aims to ensure access to clean water for the citizens of Mumbai while championing environmental sustainability.”