Welspun Corp has subscribed 7,31,07,443 equity shares at a price of Rs. 26.40 per share (Rights issue price), amounting to an investment of ~ Rs. 193.00 crores in Welspun Specialty Solutions (WSSL) through the subscription of Rights Issue. As a result of this subscription, the Company`s shareholding in WSSL has increased from existing 50.03% to 51.06% reflecting a 1.03% rise in its stake in WSSL post Rights Issue paid-up equity share capital. Powered by Capital Market - Live News

Welspun Corp will hold a meeting of the Board of Directors of the Company on 21 March 2025.Powered by Capital Market - Live News

Welspun Corp has received new orders valued at Rs 2,400 crore for supply of coated pipes for natural gas pipeline projects in USA. With addition of these new orders, the Company`s consolidated order book stands at approx. Rs. 20,000 crore. Execution of these orders will be largely during FY26 and FY27.Powered by Capital Market - Live News

Welspun Corp has received new orders in the USA including two large orders for HSAW Pipes and additional orders for HFIW Pipes, valued at approx. Rs 3,000 crore for supply of coated Pipes primarily for Natural Gas Pipeline Projects. Execution of these orders will be largely during FY26 and FY27.With addition of these new orders, value of our Company`s consolidated order book stands at approx. Rs. 18,000 crore. Powered by Capital Market - Live News

Net profit of Welspun Corp rose 131.17% to Rs 674.70 crore in the quarter ended December 2024 as against Rs 291.86 crore during the previous quarter ended December 2023. Sales declined 23.92% to Rs 3613.51 crore in the quarter ended December 2024 as against Rs 4749.71 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3613.514749.71 -24 OPM %12.029.75 - PBDT839.31462.23 82 PBT749.27372.68 101 NP674.70291.86 131 Powered by Capital Market - Live News