Page 3 - Welspun India

Agnipath scheme golden opportunity to engage personnel: Welspun chairman

Welspun Chairman BK Goenka on Tuesday said the Centre's Agnipath scheme is a golden opportunity for the industry to engage highly skilled, disciplined and talented personnel

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 India to raise Rs 500 crore via non-convertible debentures

Welspun India is part of Welspun Group, a conglomerate that has business interests in sectors including line pipes, home textile products, infrastructure, warehousing, steel, oil and gas

Homes textiles major Welspun India Q3 net falls 25% to Rs 131 crore

Homes textiles major Welspun India Ltd reported a 25 per cent decline in consolidated net profit at Rs 131.06 crore for the third quarter ended December 2021.

Welspun India and Birlasoft rewarded investors by doubling wealth in 2021

Shares of Welspun India rose from Rs 68 at the start of the year to Rs 142 at Wednesday's close

Welspun India Q2 consolidated net profit up 7.2% at Rs 201.50 crore

Home textiles major Welspun India Ltd on Wednesday reported a 7.23 per cent rise in its consolidated net profit to Rs 201.50 crore for the second quarter ended September 30

Stocks to Watch: Infosys, Wipro, HCL Tech, Dish Tv, HDFC Bank, Zee

IT stocks will be in focus this morning, as market participants react to Infosys, Wipro and MindTree numbers. Thereafter, the focus will shift to HCL Technologies earnings

Welspun India to invest Rs 800 cr on capacity enhancement over next 2 years

Welspun India has said it is looking to invest around Rs 800 crore on capacity expansion of its home textiles and flooring businesses over the next two years. Welspun India, the country's largest home textiles manufacturer, would invest Rs 656.5 crore on its home textiles business expansion during FY'22-23. Its plans include augmenting its towel manufacturing capacity by 20 per cent to meet the growing demand from the overseas customers. The board of the company in a meeting held on Saturday approved plans to augment towel manufacturing capacity at its Anjar, Kutch (Gujarat)-based plant to 1,02,000 metric tonnes per annum (MTPA) from the existing 85,400 MTPA. "Keeping in view the recent trend of customers focus to track the entire value chain i.e., 'Farm to Shelf', the board has approved an investment in 40 looms for towel fabric at Anjar which represents 7 per cent of installed capacity," said Welspun India in a late night regulatory filing. While for its Vapi, Valsad (Gujarat) ba

Welspun India Q4 net surges 48%, announces Rs 200 crore share buyback

The total income during the quarter under review stood at Rs 2,173.56 crore as against Rs 1,664.46 crore in the corresponding quarter a year ago

Welspun India spurts 10% on rating upgrades by India Ratings

The upgrade reflects WIL's better-than-Ind-Ra-expected balance sheet deleveraging through a strong operational performance

BSE Smallcap index hits new high; HLE Glascoat zooms 108% in a month

In past one month, the BSE Smallcap index outperformed the market by surging 9 per cent, as compared to 4.7 per cent gain in the Midcap and 0.53 per cent risen in the benchmark Sensex.

Welspun India Q1 net falls 65% to Rs 53.75 crore on lower income

Textile firm Welspun Indiaon Friday reported a 65.56 per cent decline in consolidated net profit to Rs 53.75 crore for the quarter ended June on account of lower income

Welspun India posts Q4 net profit of Rs 91 cr, total income at Rs 1,664 cr

Total income during the quarter under review stood at Rs 1,664.46 crore as against Rs 1,600.94 crore in the corresponding quarter a year ago

Welspun India forays into health, hygiene segment amid Covid-19 outbreak

The company said it is also in advanced stage of offering customisation and branding options to large and discerning buyers

Covid-19: Welspun to use textile capacity to make disinfectant wipes, masks

The firm plans to build a pipeline of a few hundred thousand masks and wipes in the coming weeks for all on-ground workers and their families attending to essential services

Welspun India's Q2 consolidated net profit up by over 21% to Rs 1.21 bn

The company's Q2 revenue from operations increased to Rs 17.79 billion from Rs 16.06 billion earned in the second quarter of previous fiscal

Welspun India's promoter sells 5% stake in textile worth Rs 3.5 billion

The shares were disposed of at an average price of Rs 72.71 apiece

Welspun opens Rs150-cr facility

The initial capacity of the manufacturing unit will be 2,400 tonnes per annum

Welspun India to invest $3 mn on promotion of Egyptian cotton

Deal would allow use of the Egyptian cotton logo on the packet of Welspun products for five years

Welspun India forays into flooring solutions with Rs 600-cr carpet plant

The facility in Anjar, Gujarat will manufacture carpets, area rugs and carpet tiles.