LEMONTREE

**Expansion & Major Order Wins** **

:** Opened a new **85-room hotel in Bharuch**, taking its Gujarat portfolio to **12 operational hotels**, with another **20 properties in the pipeline**. **Impact:** **Positive;** strengthens its Gujarat presence and supports long-term room inventory and revenue growth. ** !RailTel :** Secured a **₹164.79 crore** order from **Western Coalfields** to establish an **MPLS VPN network**. **Impact:** **Positive;** strengthens the order book and improves revenue visibility from digital infrastructure projects. ** !Welspun Corp:** Secured a major **~₹17,200 crore pipe supply order** from its US manufacturing facility, taking its global order book to approximately **₹42,100 crore**. **Impact:** **Strongly Positive;** the large order significantly strengthens the order book and provides robust long-term revenue visibility.