Welspun

Welspun Living to launch large-scale skilling programme for textile sector

Home textiles manufacturer Welspun Living Ltd on Thursday said it has inked an agreement with the National Skill Development Corporation (NSDC) to launch a large-scale skilling and employment initiative focused on operator-level roles in the textile sector. Under this initiative, Welspun Living will train and certify 1,000 candidates in its pilot phase, with at least 50 per cent women participation, particularly from underrepresented regions such as the North-Eastern states and Uttarakhand, the company said in a statement. The total investment for the program amounts to Rs 4.25 crore. "This partnership reflects our commitment to inclusive and sustainable growth. By focusing on women from North East and Uttarakhand, we are not only bridging skill gap but also unlocking pathways to economic independence, self-worth, and generational impact," Welspun Living MD and CEO Dipali Goenka said. The program will be conducted at Welspun's facilities in Anjar and Vapi in Gujarat in a combinatio

Welspun Corp Q4 net profit surges 143% to ₹699 crore on lower costs

Welspun Corp Ltd (WCL) has posted over 143 per cent growth in consolidated net profit to Rs 699.19 crore in the March quarter, aided by a reduction in expenses. It had posted a net profit of Rs 287.28 crore in the January-March period of the preceding financial year, the company said in an exchange filing. However, WCL saw its income declining to Rs 3,966.86 crore in the fourth quarter of FY25, from Rs 4,543.70 crore in the same period a year ago. During the quarter under review, the company brought down its expenses to Rs 3,639.32 crore from Rs 4,292.37 crore in Q4 FY24. On a quarter-on-quarter basis, the net profit was around over 4 per cent higher compared to Rs 672.19 crore net profit earned in October-December FY25. In FY25, the net profit was down at Rs 1,902.28 crore, as against Rs 1,136.00 crore in FY24. The board of the company also recommended a final dividend of Rs 5 per equity share of face value of Rs 5 each for FY25, as per the stock exchange filing on Wednesday ...

Welspun to enter pipe segment with Sintex, eyes 5% market share in 7 years

Welspun Group is diversifying Sintex, a company acquired through insolvency, into segments including pipes, aiming to corner 5 per cent market share of this highly competitive space in the next seven years, said a company official. The Goenka family-promoted group is now taking brand Sintex beyond its primary plastic water storage tank business to new areas such as pipes and water recycling. It is also working on electrical boxes and has future plans for cable wires for its electrical business. Welspun is aggressive for Sintex's growth, where it is investing to expand its capacity, talent acquisition and optimisation, which will enable it to drive a long-term growth, said Yashovardhan Agarwal, Managing Director, Welspun BAPL & Director, Sintex. "So our plan is to get into all the different categories. We are in the storage for water tanks. We are getting into transportation, which is the full range of pipes. We will get into the treatment of water as well," Agarwal told PTI. The ..

Welspun Corp secures new orders worth Rs 2,400 crore in US market

Welspun Corp Ltd (WCL) on Monday said it has secured new orders worth Rs 2,400 crore for the supply of coated pipes in the US market. With these additions, the company's consolidated order book now stands at around Rs 20,000 crore, WCL said in a statement. WCL has secured new orders worth approximately Rs 2,400 crore for the supply of coated pipes for natural gas pipeline projects in the USA, it said. The execution of these orders is scheduled to take place largely in FY26 and FY27. "These orders further reinforce Welspun Corp's leading position in the USA, where it has been a prominent supplier of critical energy infrastructure. The company's ability to meet stringent quality requirements, deliver on time, and maintain high operational efficiency has helped secure these contracts," the company said. Homegrown WCL is the flagship company of Welspun World, with a diverse business portfolio in pipe solutions and building materials. WCL is among the top three manufacturers of ...

Welspun One launches Rs 1K cr co-investment programme to expand portfolio

Integrated fund and management development platform Welspun One on Wednesday announced the launch of a Rs 1,000 crore co-investment program. This initiative will support its second Alternative Investment Fund (AIF), Fund 2, by providing dry powder to capitalise on a ready pipeline of 5 million sq ft, which is currently in the advanced stages of closure. With this expansion, the company's aggregate portfolio will grow to around 22 million sq ft, generating a projected net operating income of approximately Rs 1,100 crore (USD 130 million) upon completion, Welspun One said. Launched in March 2023, with an aim to raise a corpus of Rs 2,000 crore, including the green shoe option of Rs 1,000 crore, Fund 2 has secured a portfolio of highly differentiated, off-market opportunities in new-age warehousing assets - segments that are seeing increasing demand from occupiers and investors alike, the platform said. These assets offer superior long-term returns compared to traditional warehousing,

Welspun Specialty hits 5% upper circuit; here's what's boosting rally

Welspun Specialty Solutions will offer 13,25,22,289 rights equity shares for an amount aggregating to Rs 349.86 crore.

Looking to expand manufacturing footprint in US: Welspun Living CEO

Home textiles major Welspun Living Ltd is looking to expand its manufacturing footprint in the US with an eye on being closer to customers of its largest market, according to Managing Director and CEO Dipali Goenka. Despite US President Donald Trump's tariff threats, the company is optimistic that even if it were to be imposed it will come in a very mutual manner considering India's global standing, but Welspun Living is preparing to thrive in uncertain times, which it has been doing since the COVID-19 pandemic days, Goenka told PTI in an interview here. "We are in conversation to set up a utility bedding plant at Ohio, where we now have the pillow plant," she said when asked about the company's manufacturing footprint expansion plans in the US. She did not elaborate on the planned investment for the bedding plant at Ohio saying talks are still on. The company has invested USD 12.5 million on the pillow unit in Ohio, which is a fully automated unit. Goenka further said, "We will s

Welspun Corp Q3 results: Net profit jumps two-fold to Rs 672 crore

Welspun Corp Ltd on Wednesday reported an over two-fold rise in its consolidated net profit to Rs 672.19 crore in December quarter, aided by lower expenses. It had reported a net profit of Rs 293.70 crore for the October-December period of preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income however trimmed to Rs 3,656.57 crore in the quarter under review from Rs 4,758.17 crore in the same period a year ago. Welspun Corp reduced its expenses to Rs 3,351.36 from Rs 4,438.79 crore year on year. Welspun Corp is one of the largest manufacturers of large-diameter pipes globally and has established a global footprint across six continents and 50 countries.

Welspun Living Q3 results: Net profit falls 31.4% to Rs 122.87 crore

Homes textiles major Welspun Living Ltd on Thursday reported a 31.4 per cent decline in consolidated net profit to Rs 122.87 crore for the third quarter ended December 31, 2024 impacted by higher expenses. The company had posted a profit of Rs 179.05 crore in the corresponding quarter last fiscal, Welspun Living Ltd (WLL) said in a regulatory filing. The revenue from operations in the quarter under review stood at Rs 2,489.61 crore as against Rs 2,410.87 crore in the year-ago period, it added. Total expenses in the third quarter were higher at Rs 2,369.72 crore as compared to Rs 2.214.29 crore in the same period a year ago, the company said, adding it had also incurred an exchange loss of Rs 8.01 crore in the third quarter. During the quarter home textiles segment revenue was higher at Rs 2,281.79 crore as compared to Rs 2,251.41 crore in the corresponding period a year ago. Flooring business clocked revenue of Rs 215.73 crore as compared to Rs 246.3 crore in the same quarter las

Welspun One plans to raise Rs 4,000 crore to double portfolio size

Integrated fund and management development platform Welspun One on Wednesday said it has initiated the process to raise Rs 4,000 crore, which is drawing substantial interest, especially from global investors. It will also broaden the platform's investor base and position it as a node for international investors seeking exposure to India's rapidly evolving logistics landscape, Welspun One said. The fundraising is a key milestone in the company's strategy to double its portfolio size from 16 million sq ft to around 32 million sq ft by 2028, the company said, adding that it has already identified a robust pipeline of around 8 million sq ft across multiple assets. It has an active pipeline to deploy around Rs 1,500 crore in new-age, capital-intensive logistics assets, Welspun One noted. "By aligning with global partners who bring unmatched expertise and capabilities, we are not only securing capital but also setting a new standard for efficiency, adaptability, and long-term value ...

Welspun Corp to invest $100 mn to double capacity at Little Rock facility

Welspun Corp on Monday said the company has kicked off a USD 100-million expansion plan to double the capacity of its Little Rock facility in the US to 3.5 lakh tonnes. The unit's present manufacturing capacity is 1.75 lakh tonnes and the expansion project is expected to be executed by March 2026, the company said. Its step-down subsidiary Welspun Tubular LLC on Friday conducted the groundbreaking ceremony for the expansion of its high-frequency induction welding (HFIW) pipe manufacturing facility in Little Rock, Arkansas, US, Welspun Corp said. The expansion represents a USD 100-million investment to expand and upgrade the company's line pipe portfolio in the US and expected to add an additional 175 jobs at the Little Rock plant. Welspun World Chairman B K Goenka said, "We are glad to be in Little Rock to announce the expansion of our plant here which we set up back in 2007, and have successfully maintained a relationship with Arkansas region and its people." "The Port of Little

Welspun One launches Rs 2,700 cr warehousing & industrial park at JNPA SEZ

Integrated fund and development management platform Welspun One on Wednesday announced the launch of the country's largest single-location Grade A warehousing and industrial park at JNPA Special Economic Zone in Navi Mumbai at an investment of Rs 2,700 crore. With an annual throughput capacity of 36,000 TEUs, the facility which is a part of the strategic collaboration between Welspun One and Jawaharlal Nehru Port Authority (JNPA) can accommodate over 400,000 pallet positions along with parking provision for over 600 trucks, Welspun One said in a statement. The 55-acre integrated logistics ecosystem project is not just a logistics hub but a strategic business enabler as it is expected to generate direct and indirect employment for over 5,000 people, strengthening the local economy, it said. JNPA handling around 35 of India's maritime traffic is the largest container port by throughput. Originally envisaged as a 1.2 million sq ft park which entailed an investment of Rs 700 crore, the

Welspun Q2 profit falls 27% to Rs 283 cr; board okays Rs 2k cr investments

Welspun Corp on Friday reported around 27 per cent fall in consolidated net profit at Rs 282.96 crore for September quarter, mainly on account of fall in income. It had posted Rs 386.57 crore net profit for July-September 2023, the company said in an exchange filing. Total income declined to Rs 3,364.23 crore from Rs 4,161.41 crore in the second quarter last fiscal. Expenses were at Rs 3,074.90 crore as against Rs 3,820.59 crore a year ago. The board also approved several investment proposals in India and abroad worth over Rs 2,000 crore. It approved a proposal to increase ductile iron pipes capacity to 250 KMTPA from 150 KMTPA, along with setting up the 350 KMTPA LSAW (Longitudinal Submerged Arc Welding) pipes facility at investment of up to USD 200 million (about Rs 1,680 crore) in Saudi Arabia. This will be funded through debt of up to USD 140 million and balance will be through internal accruals of the company. The plants are expected to be operational in April 2026. Further

Welspun Living Q2FY25 results: Net profit increases to Rs 202.4 cr

Home textiles major Welspun Living Ltd on Monday reported a marginal increase in consolidated net profit at Rs 202.4 crore in the second quarter ended September 30, 2024. The company had posted a consolidated net profit of Rs 200.41 crore in the corresponding quarter last fiscal, Welspun Living Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 2,873.09 crore, as against Rs 2,509.08 crore in the year-ago quarter, it added. Total expenses in the second quarter were higher at Rs 2,655.87 crore, as compared to Rs 2,283.42 crore in the same quarter a year ago, the company said. Welspun Group Chairman BK Goenka said Welspun Living posted its highest-ever consolidated quarterly revenues in Q2FY25, growing by 15.5 per cent amid relatively adverse global conditions owing to Red Sea challenges. "Emerging businesses of global brands, domestic consumer, advanced textile and flooring are continuing to flourish from strength to strength and grew 22 per cent in ..

Welspun Living slips over 4% as 2.1 mn shares changed hands via block deals

Promoters were the likely sellers of a 4.6 per cent stake in Welspun Living, according to reports

Welspun Q1 results: PAT up 50% at Rs 248 cr as strong exports boost margins

Welspun's fortunes have gotten a boost from not only the growing demand for fuel in India but also from key export markets of the US and Middle East

Welspun Enterprises Q1 results: Net profit up by 18% to Rs 109.73 cr

Welspun Enterprises on Thursday said it has reported an 18.2 per rise in consolidated profit to Rs 109.73 crore for the quarter ended June 2024. The company had posted a consolidated profit of Rs 92.80 crore in the year-ago period, according to a regulatory filing. The total income of the company in the April-June period increased to Rs 959.76 crore, over Rs 750.04 crore in the year-ago period. Welspun Enterprises Ltd is one of the country's leading infrastructure developers with a diversified portfolio of projects in the infrastructure and energy sectors.

Welspun Living Q1FY25 results: Net profit rises 14% to Rs 185.95 cr

Home textiles major Welspun Living Ltd on Wednesday reported a 14.3 per cent increase in consolidated net profit to Rs 185.95 crore in the June 2024 quarter. The company posted a consolidated net profit of Rs 162.73 crore in the quarter last fiscal, Welspun Living said in a regulatory filing. Consolidated revenue from operations stood at Rs 2,536.49 crore compared to Rs 2,184.05 crore in the year-ago period, it added. Total expenses in the first quarter were higher at Rs 2,335.11 crore against Rs 1,998.65 crore in the corresponding period a year ago, the company said. Welspun Living said its board of directors at its meeting held on July 24, 2024, has approved a buyback proposal for purchase of over 1.26 crore paid equity shares of Re 1 each at a price of Rs 220 per share for an aggregate amount of not exceeding Rs 278.44 crore. "The domestic consumer business has shown resilience in the face of challenging demand scenario in the Indian retail market and continued to be the leadi

Welspun One raises Rs 2,275 cr for second fund to build warehousing assets

Welspun One has raised Rs 2,275 crore from investors for its second fund and would use the capital to develop warehousing properties. Welspun One, an integrated fund and development management platform, on Monday announced the successful closure of its second fund totalling Rs 2,275 crores, inclusive of co-investment commitments. This marks the largest domestic fundraise in this space, the company claimed. The capital was sourced from a diverse pool of about 800 Limited Partners (LPs) or investors, including high-net-worth and ultra-high-net-worth individuals, family offices, corporates, and domestic institutions. Welspun One's second fund has already committed nearly 40 per cent of its investible capital across four investments. It expects to commit the remaining capital over the next 3-4 quarters. This will add 8 million square feet to Welspun One's existing portfolio of 10 million square feet, taking their aggregate portfolio to around 18 million square feet, entailing a total

Welspun Living expects its revenue from Indian market to triple by 2026-27

Share of Welspun Living's retail and emerging businesses, including flooring and advanced textiles, in its total revenue is also expected to go up by FY27