SECTOR: CONSTRUCTION & CONTRACTING
Welspun Enterprises
Part of the Welspun Group, Welspun Enterprises
(WEL) was formed in its current form in 2015. WEL
has seven road HAM projects in its portfolio with a
total project value of Rs.85+ billion. The
unexecuted order book at the end of FY19
stands at Rs.52+ billion. WEL is the first
company to complete a HAM project –
Delhi-Meerut Expressway (Package 1) –
11 months ahead of schedule. WEL is
among the few infrastructure developers
with long-term AA credit rating. Sandeep
Garg, Managing Director & CEO,
Welspun Enterprises, shares
more….
One decision you consider the biggest contributor to the company’s growth in FY2018-19: There was a temporary slowdown in the bidding pipeline of NHAI in Q2-Q3 of last year. During this time, WEL diversified its client base by bidding selectively for HAM projects at the state level. We secured the Amravati (AM-2) project of PWD Maharashtra at a bid project cost of `14.60 billion during this time. We will continue to selectively bid for HAM projects of a variety of clients.
Plans for FY2019-20: We will continue to proceed on our chosen focused path. In the roads sector, we will continue with our approach of execution excellence with an asset-light execution model for HAM projects. Project returns, rather than order booking, will be our mantra. On the execution front, we expect two of our HAM projects to achieve PCOD in FY2019-20, ahead of the contractual schedule. We have also identified the water sector as one of the great opportunities. We continue to develop our capabilities in the sector, and will be bidding for HAM projects, focusing on bulk water transport, treatment and desalination. We will also look at opportunistic EPC play in this sector.
