Sandeep Garg, MD, Welspun Enterprises says this project will be value accretive, accounting 17-18 percent to the company's margins.
Welspun Enterprises has decided to sell 37 percent stake in Dewas Bhopal Corridor Private Limited (DBCL), a special purpose vehicle that owns a 142 km highway between the two cities.
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According to Sandeep Garg, there has been slowdown in infrastructure industry for the last couple of years, so the contribution in terms of the P&L from the JV was minimal and it was forecasted to be minimal going forward.