Welspun Tubular LLC, a step-down subsidiary of Welspun Corp, today conducted the groundbreaking ceremony for the expansion of its HFIW pipe manufacturing facility in Little Rock, Arkansas, USA. This expansion represents a $100 million investment announced on 02 September 2024, to expand and upgrade the company`s line pipe portfolio in the United States. Welspun Corp is one of top three manufacturers of large diameter line pipes globally. The expansion is expected to add an additional 175 jobs at its plant in Little Rock. The upgrade is expected to be completed by March 2026.Powered by Capital Market - Live News

Net profit of Welspun Corp declined 25.40% to Rs 286.95 crore in the quarter ended September 2024 as against Rs 384.67 crore during the previous quarter ended September 2023. Sales declined 18.66% to Rs 3301.83 crore in the quarter ended September 2024 as against Rs 4059.45 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3301.834059.45 -19 OPM %12.109.84 - PBDT452.17551.21 -18 PBT362.96465.53 -22 NP286.95384.67 -25 Powered by Capital Market - Live News

Welspun Corp will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live News

Welspun Corp has received a significantly large order in the USA valued at Rs 2,400 crore (approx.), for supply of Coated HSAW Pipes for a Natural gas Pipeline project. Execution of this order will be during FY25 and FY26. The company said, This win further reinforces our credibility and demonstrate our leading position in the USA market. Our outlook for the USA market remains extremely positive and there are few more projects, where we have participated and are favourably placed for orders.Powered by Capital Market - Live News

Welspun Corp announced that the 29th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live News