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Last Updated : Mar 05, 2018 09:37 AM IST | Source: Moneycontrol.com

Welspun Enterprises up 1% as NHAI declares appointed date for project

The project includes 4 laning of the 53 Km stretch, at a bid project cost of Rs 942 crore.

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Shares of Welspun Enterprises added 1 percent in the early trade on Monday as NHAI has declared appointed date as February 28, 2018 for the project.

The project includes 4 laning of the 53 Km stretch, at a bid project cost of Rs 942 crore.

Under the concession agreement, construction of the project is to be completed within 2 years from the appointed date and is to be maintained for 15 years thereafter, post which is to be transferred to NHAI.

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The EPC contract worth of Rs 897 crore will be executed by the company.

At 09:29 hrs Welspun Enterprises was quoting at Rs 167.75, up Rs 0.85, or 0.51 percent on the BSE.

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The share touched its 52-week high Rs 198 and 52-week low Rs 64.05 on 10 January, 2018 and 02 March, 2017, respectively.

Currently, it is trading 15.28 percent below its 52-week high and 161.9 percent above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 5.69 per share. (Dec, 2017). The stock's price-to-earnings (P/E) ratio was 29.56. The latest book value of the company is Rs 79.15 per share.

Posted by Rakesh Patil

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First Published on Mar 5, 2018 09:34 am
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