Welspun Corp Ltd

Welspun Corp Limited (WCL) is the flagship company of Welspun World, one of India's fastest-growing multinational groups. WCL has a diversified portfolio spanning Line Pipes, Ductile Iron (DI) Pipes, Stainless Steel Bars, Pipes & Tubes, and TMT Rebars. WCL in- house Sintex, India's most trusted brand in Water Storage Tanks and Advanced Plastic Piping Solutions, including OPVC. The Company was incorporated on 26th April, 1995 and is presently engaged in manufacture and distribution of steel and steel products. Longitudinal (LSAW), Spiral (HSAW) and ERW / HFIW pipes, produced at its advanced state-of-the-art global manufacturing facilities in India, USA and Saudi Arabia meet stringent specifications. The first HSAW mill of the company was commissioned at Dahej with capacity of 30,000 MTPA in the year 1997. After two years, in 1999, WGSRL had commissioned state of the art LSAW Mill at Dahej with the capacity 350,000 MTPA. During the year 2000, the company had started its coating Plant at Dahej, Joint Venture with Eupec, the 2nd largest coating company in the World. WGSRL became the first company from India to supply Pipes for the Offshore Projects in US during the year 2002. The Company had bagged an international order worth Rs.62 cr in the year 2002 for three layers PE and internal epoxy lining coated spiral pipes. During the year 2003, WGSRL had received the prestigious order from Petroiran Development Company, from Iran worth US 2 million. Welspun Gujarat forayed into weld pipes business in the year 2004 and also in the same year, the company had bagged Rs 4070 million Saw Pipes order in Libya. Welspun Gujarat made tie-up with Eupec Group in the identical year of 2004. The company commissioned ERW mill in the year 2005 at the new location Anjar with the capacity of 250,000 MTPA. During the year 2006, two new HSAW Plants of 350,000 MTPA came to existence, such as Bending Facility and Additional Coating Plants. In the year 2007, the company's 43 MW captive power plant at Anjar, was made its commercial operation. During the same year 2007, the company had received prestigious pipeline orders worth Rs 1166 crores (USD 288 million) for the supply of line pipes overseas. During December of the identical year 2007, Welspun had acquired 76% interest in bath rug major Sorema, Tapates e Cortinas de Banho, SA (Sorema) of Portugal at an enterprise value of Rs. 600 Million. The Company's 1.5 million tonne state-of-art Plate mill commenced its production in April 2008. During the year 2016, the Company formed a 51:49 JV with Wasco Energy Ltd, a wholly owned subsidiary of Wah Seong Corporation Berhad, Malaysia. The LSAW Mill serviced global customers of Oil & Gas across a range of mid and large-sized orders and also successfully demonstrated the trial for 22' OD & 39 mm WT X65 (D/T Ratio of 14.3) to a prestigious client. The Hon'ble National Company Law Tribunal, Ahmedabad Bench vide its order dated May 10, 2019 sanctioned the Scheme of Amalgamation of Welspun Pipes Limited (WPL) with the Company and their respective shareholders and creditors. The Scheme has become effective on May 10, 2019. During the year 2019, the Board of the Company's wholly owned subsidiary viz. Welspun Tradings Limited approved closure of business operation of its step-down subsidiary i.e. Welspun Middle East DMCC (WME DMCC) operating in the United Arab Emirates. Necessary steps to voluntarily wind up business operations of WME DMCC have been initiated. In FY'19, the Company commissioned the HSAW plant in Bhopal, Madhya Pradesh and increased the level of production at mill in Saudi Arabia. The Hon'ble National Company Law Tribunal, Ahmedabad Bench vide its order dated May 10, 2019 sanctioned the Scheme of Amalgamation of Welspun Pipes Limited (WPL' or the Transferor Company') with Welspun Corp Limited (WCL' or the Transferee Company') and their respective shareholders and creditors (the Scheme'). The Scheme has become effective on May 10, 2019, being the date of sanction of the Scheme by the NCLT. In FY'20, it ventured into the Ductile lron Pipe segment through a Greenfield facility. In FY 2021, it entered into the business of manufacturing of TMT Rebars and Stainless Steel, Tubes & Pipes, as a part of growth and diversification strategy. In Mar' 22, the Scheme of Arrangement between the Company and Welspun Steel Limited for transfer and vesting of Demerged Undertaking of the Demerged Company i.e Welspun Steel Limited (WSL) into the Company was effective from April 1, 2021. In 2022-23, the Scheme of Arrangement between Welspun Metallics Limited, wholly - owned Subsidiary and the Company became effective from April 1, 2022. In 2023, Company acquired the plastics and polymer assets of the national iconic brand, Sintex BAPL, marking the entry into Polymers and Building Materials. In FY 2025, Company embarked on its journey by commissioning of Ductile Iron (DI) Pipes facility. It acquired the Welspun Specialty Solutions Limited (WSSL) in Stainless Steel Bars, Pipes & Tubes, by venturing into the TMT Rebars. In FY26, Company launched its first AntiMicrobial CPVC Pipes. It scaled the distribution network reaching 521 distributors, 33,800 retailers, and 79,950 plumbers, reaching with ~7,000 unique billed outlets. It commissioned DI Pipe capacity expansion project at Ajmer. It enhanced capability with a hybrid facility comprising Spiral/LSAW Pipes at Anjar. It operationalized the Oriented Polyvinyl Chloride (OPVC) facility in Bhopal in FY26.