Welspun Corp Share Price Live

Welspun Corp Ltd. comes under the well-known Welspun Group. It is the flagship company of the group, which is one of the largest producers of large-diameter pipes. In addition to this, the company provides a one-stop solution for all line pipe-related requirements with its significant range of high-grade line pipes. The company was incorporated in 1995 as Welspun Stahl Rohren Limited. After 2 years of operation in 1997, it was renamed to Welspun Gujarat Stahl Rohren Limited. During the same year, it was listed on the stock exchange after an Initial Public Offering (IPO).

In 2000, the company expanded its LSAW mill at Dahej, Gujarat. In 2004, Welspun established its HSAW, HFW and HFIW mills in Anjar, Gujarat. The company established its second  HSAW mill in Anjar, Gujarat, in 2009. The company changed its name to Welspun Corp Limited from Welspun Stahl Rohren Limited in 2010. During the same year, the company established its HSAW mill in Mandya, Karnataka.

In 2016, it established its CWC plant in Anjar, Gujarat, under a joint venture with WASCO Energy. In 2019, the company cemented its presence by starting the HSAW plant in Bhopal. The company entered the Ductile Iron (DI) pipes segment via a greenfield facility in Anjar, Gujarat, in 2020.

In 2021, Welspun announced its entry into manufacturing of TMT bars and Stainless Steel, Tubes and Pipes as part of its growth and diversification strategy.

2022 proved to be a fruitful year, and it achieved numerous milestones, including commissioning its state-of-the-art Blast Furnace and Sinter plant and TMT Bars manufacturing facility at Anjar, Gujarat, through its wholly-owned subsidiaries. In addition, the company’s greenfield DI Pipes facility received BIS certification, facilitating DI pipe production. 

During the same year, It inaugurated its TMT Rebars plant to facilitate a new business foray, Welspun Shield, to solidify its B2C transformation journey. In addition, the company acquired specified assets from ABG Shipyard. In 2023, the company finished acquiring the Plastic Products business of Sintex BAPL.

Business Segments

• Complete Pipe Solutions: The company deals in the manufacturing of HSAW Pipes (Helically Welded), LSAW Pipes (Longitudinally Welded), and ERW Pipes (Electric Resistance Welded) for Onshore/Offshore Oil, Gas, and Water Transmission. 
• Building Materials: The company manufactures Sintex products and TMT Rebars under this segment.

Subsidiaries

As of March 31, 2023, the company has numerous subsidiaries, a few of them listed below.

• Welspun Tradings Limited: It is a wholly-owned subsidiary of the company, which is a trading arm of the company.
• Welspun DI Pipes Limited: This is a wholly-owned subsidiary company engaged in producing DI Pipes.
• Anjar TMT Steel Private Limited: It is a wholly owned subsidiary engaged in producing Billets and TMT Bars.
• Welspun Specialty Solutions Limited: This wholly-owned subsidiary is engaged in the speciality steel & tubes business.

Key Personnel

Balkrishan Goenka, Chairman Non-Executive

Mr Goenka is recognised as one of India’s top corporate leaders and is credited with being a major architect of the Welspun World. With his excellent sense of business and willingness to take calculated risks, Mr Goenka is recognised for having successfully led the Welspun World in numerous high-growth industries for more than 27 years. In addition to serving as ASSOCHAM’s President in 2019, he was also honoured with the Asian Business Leadership (ABLF) Award.

Corporate Actions

The company has no history of bonus issues, stock splits, or other corporate actions.