Hot Pursuit     22-Dec-23
WPIL hits upper circuit on Rs 425-cr order win
WPIL was locked in an upper circuit of 5% at Rs 3,584.45 after the firm received a turnkey project from Public Health Engineering Department, Government of West Bengal worth Rs 425.35 crore.
The project entails execution of a turnkey project for Package II of Surface Based Water Supply Scheme, Northern Sector under Purulia District.

The order is to be completed within a period of 27 months and 3 years operation and maintenance.

WPIL is principally engaged in designing, developing, manufacturing, erecting, commissioning and servicing of pumps & pumping systems.

The company's consolidated net profit jumped 47.8% to Rs 34.53 crore in Q2 FY24 as compared with Rs 23.37 crore recorded in Q2 FY23. Revenue from operations decreased 13.9% YoY to Rs 348.06 crore in the quarter ended 30 September 2023.

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