Page 3 - Welspun Corp

Stock of this iron & steel company zoomed 130% in 7 months; hits 15-yr high

Welspun Corp surged 7 per cent to Rs 489.30 on the BSE, its highest level since February 200

Welspun bags contract to supply 61,000 MT of LSAW pipes, bends in Mideast

Welspun Corp Ltd (WCL) on Thursday said it has bagged a contract to supply 61,000 metric tonnes (MT) of LSAW pipes and bends in the Middle East. The company will supply the longitudinally submerged arc welding (LSAW) pipes and bends from its plant, located at Anjar in Gujarat, WCL said in a statement. "Welspun Corp wins a contract to supply 61,000 MT of bare pipes and bends to the Middle East, which will be used for offshore production and transport of gas. With the receipt of the above order, WCL has cumulatively received total orders of approximately 1,91,000 MT of line pipes, to be executed from its India and USA facilities since its last announcement dated August 4, 2023," the statement said. In the statement, the company did not disclose the order value. Welspun Corp Ltd (WCL) is one of the largest manufacturers of large-diameter pipes globally. The company also manufactures steel billets, TMT (thermo-mechanically treated) rebars, DI (ductile iron) pipes, stainless steel pipe

Welspun Corp reports Rs 168 crore net profit in April-June quarter

Welspun Corp on Friday posted a consolidated net profit of Rs 168.45 crore in the June quarter, on the back of higher income. It had reported a Rs 95 lakh loss in the year-ago period, the company said in a regulatory filing. The company's total income in the first quarter of the current fiscal rose to Rs 4,118.78 crore from Rs 1,394.51 crore a year ago. Welspun Corp Ltd is one of the world's leading welded line pipe manufacturers and the flagship company of the Welspun Group.

Will leverage Christy's association with Wimbledon: Welspun India MD

Home textiles major Welspun India will look at opportunities to leverage on the association of its brand Christy with the Wimbledon tennis championships for international market expansion of the British label, according to company MD & CEO Dipali Goenka. This year, apart from the conventional classic green and purple towel the company has also created a line with a range of blooms in seasonal pink and fuchsia for Wimbledon, keeping in line with the tournament's vision and colour conversation that transcends gender. Christy became the official towel manufacturer and supplier for Wimbledon in 1988 and Welspun's association with Wimbledon began in 2006 when it acquired Christy. "The partnership, and what we have with Wimbledon is something that we feel very proud of because the towels are made in India for the world and for Wimbledon," Goenka told PTI. While Wimbledon towels are "very seasonal", she said it is the retail sales of Christy that it garners not just in the UK but also in

Welspun Corp net profit falls 8.90% to Rs 240 cr in March quarter

Welspun Corp Ltd (WCL) posted an 8.90 per cent decline in its consolidated net profit to Rs 240.08 crore for the January-March quarter, hit by higher expenses. It had clocked a net profit of Rs 263.56 crore during the January-March quarter of the preceding financial year (FY) 2021-22, the company said in a regulatory filing. The company's total income rose to Rs 4,132.38 crore, from Rs 2,413.48 crore in the year-ago quarter. Its expenses rose to Rs 3,835.55 crore from Rs 2,033.16 crore in the January-March period of FY22. In a separate statement, B. K. Goenka, Chairman, Welspun Group said, "We have seen flawless execution and delivery for our customers resulting in strong cash flows and a substantial reduction in net debt. The acquisition of the plastic products business of Sintex has given us a head start in our foray into the B2C segment. "This will result in significant value creation for all our stakeholders in addition to providing growth to the existing business portfolio."

Welspun Corp associate company bags Rs 689-cr steel pipe order in Saudi

Welspun Corp on Thursday said its associate company, East Pipes Integrated Company for Industry, has received an order of 324 million Saudi Riyal (around Rs 689 crore)

Welspun ropes in Tata Steel to develop 'framework' for hydrogen transport

Welspun Corp Ltd (WCL) has partnered with Tata Steel to develop the "framework for and subsequently manufacturing" pipes for transportation of pure hydrogen and natural gas-blended hydrogen

Welspun Corp profit falls 30% to Rs 263 cr in Q4 due to higher expenses

Welspun Corp Limited (WCL) on Friday said its consolidated net profit fell by 30 per cent to Rs 263.56 crore in the quarter ended March on account of higher expenses.

Welspun Corp hits 52-week high on Rs 5,000 crore order win

With this, Welspun Crop order book as on date (excluding Saudi) stands at 704,000 MT valued at approximately Rs 10,500 crore.

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Crisil, Hindustan Aeronautics, MRPL, ITC, and Welspun Corp have logged smart gains despite the broader market weakness.

Actis to buy $400-million road assets from India's Welspun Group

'The buyout firm is in advanced talks for the assets and is set to beat out a number of rival bidders'

Welspun Corp to develop guideline for transportation of hydrogen gas

Welspun Corp Ltd on Monday announced joining a global industry project to develop the "world's first guideline" for transportation of hydrogen gas in existing and new offshore pipelines

Welspun Corp Q1 consolidated net profit jumps 80% to Rs 97.28 crore

Welspun Corp on Thursday reported an over 80 per cent surge in consolidated net profit to Rs 97.28 crore for the first quarter ended June 30

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Welspun Corp bags orders worth Rs 777 crore in domestic, overseas markets

Welspun Corp Ltd on Thursday said it has bagged multiple orders worth about Rs 777 crore in the overseas and domestic markets

Nifty Metal index slips 4%; SAIL, Jindal Steel tumble up to 14%

Welspun Corp, Hindalco Industries, Hindustan Copper and JSW Steel were down 5 per cent in intra-day trade on the NSE

Welspun Corp hits 5% upper circuit on receiving orders worth Rs 1,400 crore

With these orders, the company's order book stands at 755 KMT valued at approximately Rs 6,300 crore, the company said.

Welspun Corp reports Q4 net profit at Rs 138 cr

Mumbai (Maharashtra) [India], June 17 (ANI): Pipe manufacturer Welspun Corp, part of the 2.7 billion dollar Welspun Group, on Wednesday, reported a consolidated net profit of Rs 138 crore in the quarter ended March as against a net loss of Rs 149 crore in Q4 FY19.

Crude meltdown: Welspun Corp says no impact on its current order book

In a regulatory filing the company said that the sudden meltdown in the oil prices in the international market was due to certain geo-political realignment

Welspun Corp soars 37% in 5 days on strong Q3 results; hits over 9-yr high

The stock of the construction & engineering company was trading at its highest level since December 2010.