Welspun Corp Limited
WCL is one of the largest manufacturers of large diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated)Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products, to expand its building materials portfolio. It has also made strategic acquisition of…
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Welspun Corp and Perma-Pipe signed an MOU with Jordan's government for a JV to set up pipe manufacturing and coating facilities. This strategic move aims to serve major water, oil & gas, and infrastructure projects in Jordan and the Levant region.
Welspun Corp & Welspun Living mutually cancelled the sale of WCL's 26% stake in Clean Max Dhyuthi Pvt Ltd. The Rs. 7.60 Cr transaction for the solar energy unit will not proceed, citing power availability issues.
Welspun Corp has incorporated Welspun Slagexcel Private Limited (WSPL) as an associate company, holding a 26% stake. WSPL will manufacture Ground Granulated Blast Furnace Slag (GGBS), expanding the company's operational scope.
Welspun Corp completed acquiring an additional 51% stake in Welspun Captive Power Generation Ltd (WCPGL) for Rs 15.06 Cr. WCPGL is now a subsidiary, boosting Welspun Corp's total holding to 74%.
Welspun Corp reported robust quarterly results: EBITDA ₹756 Cr (+35% YoY), PAT ₹1,046 Cr (ex-exceptional: ₹499 Cr, +42% YoY). Net cash grew to ₹2,336 Cr. Global order book stands strong at ~₹24,750 Cr, with new USA/KSA capacities on track for commissioning this financial year.