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09-May2018

Welspun Enterprises receives appointed date from MPSIDC

Madhya Pradesh State Industrial Development Corporation (MPSIDC) has declared May 7, 2018 as the appointed date for Dewas Industrial Water Supply project to be constructed by Welspun Enterprises. The concessionaire for the project is Dewas Waterprojects Works, a wholly owned subsidiary of the company. The project cost, estimated as Rs 146.32 crore, is being funded through a mix of debt and equity in the ratio of approximately 70:30. The stipulated time for construction is 12 months from the appointed date.

The project involves development of a water supply project to supply treated water up to 23 Million Liters per Day (MLD) to industrial customers in arid around Dewas during the Concession Period, spanning over the next 19 years.

Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in Oil & Gas Exploration.


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