In an interview to CNBC-TV18, Sandeep Garg, MD of Welspun Enterprises spoke about the latest happenings in the company.
In an interview to CNBC-TV18, Sandeep Garg, MD of Welspun Enterprises spoke about the results and his outlook for the company.
Sandeep Garg, MD, Welspun Enterprises says this project will be value accretive, accounting 17-18 percent to the company's margins.
The company has merged Welspun Enterprises, Welspun Infratech, Welspun Plastics, Welspun Infra Projects and Welspun Projects on the recommnetdation of its audit committee.
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.