Welspun Enterprises acquires 50.10% stake in Michigan Engineers for Rs 137 crore

Welspun Enterprises (WEL) has bought a 50.10% stake in engineering, procurement and construction firm Michigan Engineers. The transaction, valued at Rs 137.07 crore will enable WEL to expand its urban water infrastructure business, as well as enter the high-margin, high-growth trenchless technologies field. WEL has an order book of over Rs 6000 crore for the water and wastewater segment, and the sector is likely to benefit from Indian government schemes.

Related Keywords

Michigan ,United States ,Dharavi ,Maharashtra ,India ,Mumbai ,Natal ,Dadra And Nagar Haveli ,Saurin Patel ,Sandeep Garg ,Welspun Enterprises ,Welspun Enterprises Limited ,Michigan Engineers Private Limited ,National Mission For Clean Ganga ,Jal Jeevan Mission ,Atal Mission For Rejuvenation ,Community Drinking Water Schemes ,Welspun Enterprises Agencies ,Michigan Engineers Private ,Enterprises Limited ,Welspun World ,Rural Water Supply Project ,Uttar Pradesh ,Water Treatment Facility ,Dharavi Project ,Managing Director ,Atal Mission ,Urban Transformation ,National Mission ,Clean Ganga ,Damepl ,Dharavi Wwtf ,Welspun ,