Iron & Steel Products company Welspun Enterprises announced FY24 results: Diversified standalone order book stands at ~ Rs 12,200 crore. The order book is categorized as follows: Water & Wastewater management projects constitutes 77% Road projects constitutes 23% Debt Free company on standalone basis The Board has recommended Final Dividend of Rs 3 per equity share of FV Rs 10 (30% of FV) FY24 EBITDA of Rs 439 crore has grown by 31% over FY23 Inauguration of UP Section of our Varanasi Aurangabad Road Project by the Honorable Prime Minister Speaking about the performance, Sandeep Garg, Managing Director, Welspun Enterprises, said, “FY24 has been a year of consolidation, where we have acquired and successfully integrated Welspun Michigan Ltd. (erstwhile Michigan Engineers Pvt. Ltd.) with WEL. The standalone revenue has been subdued, due to some challenges on the existing projects and delayed order receipts, however, we have surpassed our margin guidance. On a consolidated basis, we have grown revenues by 4%, with EBITDA growth of 58%. This consolidated performance is an outcome of strategic diversification, and efficient deployment of capital that followed from our asset sale in FY23. Our commitment to creating value for our shareholders remains steadfast.” Result PDF