India, Oct. 7 -- The Mumbai-based infrastructure developer Welspun Enterprises has announced a fresh contract win for its tunnelling and rehabilitation arm. The order comes from a civic body in the national capital and involves repair of ageing underground sewer infrastructure. While the deal is modest compared with the group's overall order book, it arrives after a soft April-June quarter for the group. Here is what it means for the company's order book, its recent earnings and the demand outlook for urban water infrastructure.

Shares ofWelspun Enterprises Ltd closed at Rs. 741.00, up 3.13 percent on Wednesday. The stock touched the intraday high of Rs. 749.20 after opening at Rs. 716.15 before slipping to a low of Rs. 713.50. The compa...