Welspun Corp announced that its associate company East Pipes Integrated Company for Industry (EPIC), Saudi Arabia`s leading manufacturer of HSAW Pipes today announced Multi Contracts sign off with Saudi Arabian Oil Co. (Aramco) with value exceeding SAR 1.65 Billion (Approx. ~Rs 3,670 crore) inclusive of value added tax for manufacturing and supply of steel pipes. The duration of the contracts is 19 months. Powered by Capital Market - Live News

Net profit of Welspun Corp rose 13.53% to Rs 267.84 crore in the quarter ended March 2024 as against Rs 235.93 crore during the previous quarter ended March 2023. Sales rose 9.61% to Rs 4461.17 crore in the quarter ended March 2024 as against Rs 4070.15 crore during the previous quarter ended March 2023.For the full year,net profit rose 436.93% to Rs 1109.78 crore in the year ended March 2024 as against Rs 206.69 crore during the previous year ended March 2023. Sales rose 77.69% to Rs 17339.60 crore in the year ended March 2024 as against Rs 9758.10 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales4461.174070.15 10 17339.609758.10 78 OPM %7.4010.33 -9.004.97 - PBDT433.88416.65 4 1761.35636.60 177 PBT347.11325.41 7 1413.48333.63 324 NP267.84235.93 14 1109.78206.69 437 Powered by Capital Market - Live News

Welspun Corp. announced that the Board of Directors of the Company at its meeting held on 30 May 2024, has recommended a Final dividend of Rs.5 per share (i.e.100%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Welspun Corp will hold a meeting of the Board of Directors of the Company on 30 May 2024Powered by Capital Market - Live News

Welspun Corp has appointed Nitin Agarwal as CEO - Steel Business, with effect from 06 May 2024. Nitin Agarwal is associated with Welspun Group for over 19 years with a proven expertise in Global Supply Chain Management, Business Development, Sales & Marketing. As a leader, he has garnered a distinguished track record in Logistics and Shipping, Procurement and techno commercial business acumen in the field of Steel pipes for O&G and Water sector. After a successful decade-long stint in the USA, as the supply chain and commercial function head for US operations, Agarwal is currently President - Global Supply Chain & Marketing at Welspun Corp. He was instrumental in commissioning our Little Rock facility from Greenfield to fully operational Spiral & HFIW plants, with a capacity of over 500,000 MTPA. Powered by Capital Market - Live News