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Welspun

Welspun Living's Q2 results: Net profit rises to Rs 200 crore

Welspun Living's Q2 results: Net profit rises to Rs 200 crore

Wed, Oct 25, 2023

The company had posted a net profit of Rs 8.33 crore in the year-ago period, according to a regulatory filing by Welspun Living (formerly known as Welspun India).

Welspun India Q4: Net Profit Up 140%, Board Announces Buyback

Welspun India Q4: Net Profit Up 140%, Board Announces Buyback

Thu, Apr 27, 2023

Welspun India on Thursday reported a rise of whooping 140 per cent in consolidated net profit to ₹125.4 crore for the March 2023 quarter. This is against a consolidated net profit of ₹52.2 crore in the corresponding quarter last fiscal.

Welspun One Logistics Parks launches second fund of Rs 2,000 crore

Welspun One Logistics Parks launches second fund of Rs 2,000 crore

Mon, Mar 13, 2023

Welspun launched the first fund in early 2021 and had got capital commitments worth Rs 500 crore from high net-worth investors and family offices and the capital was invested in companies, aggregating to 6.5 million squre feet and it expects to deliver 50 per cent of the portfolio by mid-2023, the company said in a statement.

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Welspun India Joint MD & CEO Dipali Goenka in conversation with Zee Business

Welspun India Joint MD & CEO Dipali Goenka in conversation with Zee Business

Fri, May 13, 2022

''Loss due to rise in commodity prices by up to 75%. Impact on margins due to increase in cotton prices'', says Deepali Goenka, Joint MD & CEO, Welspun India.

Welspun India to invest Rs 495 crore in health and hygiene category in two years: Altaf Jiwani, CFO

Welspun India to invest Rs 495 crore in health and hygiene category in two years: Altaf Jiwani, CFO

Wed, Jul 29, 2020

Altaf Jiwani, CFO, Welspun India Ltd. talks about the impact of lockdown on his business in Q1FY21, expectations in Q2FY21 and new business vertical of health and hygiene during a candid chat with Swati Khandelwal, Zee Business.

COVID & Oil Meltdown are a double whammy for us in FY21: Vipul Mathur, Welspun

COVID & Oil Meltdown are a double whammy for us in FY21: Vipul Mathur, Welspun

Fri, Jun 19, 2020

The numbers of FY2019-20 are very good and the company’s performance has been consistent on the quarter-on-quarter basis. Its performance has been exemplary even in the fourth quarter. If we have a look at the annual performance, we have produced 1.6 million tonnes of pipe in this year, which is our highest ever production in the history of Welspun. We have sold 1.5 million tonnes of the pipe and this is also our highest sale in the history of Welspun. We have earned an EBITDA of Rs 1,284 crore and PBT of around Rs 900 crore.

Crude meltdown: Welspun Corp says no impact on its current order book

Crude meltdown: Welspun Corp says no impact on its current order book

Mon, Mar 09, 2020

The company further said that, in the USA, all confirmed orders would keep its current capacity occupied till the third quarter of this year and even the potential beyond is also looking fairly robust as the major play for the company continues to be in gas sector.

Welspun Corp to sell assets worth Rs 940 crore

Welspun Corp to sell assets worth Rs 940 crore

Mon, Apr 01, 2019

Welspun Corp, the flagship firm of the Welspun Group, Sunday said it will sell its assets worth Rs 940 crore to two companies -- Laptev Finance and Welspun Captive Power Generation.

Massive Mumbai property buy! For Rs 127 cr, this honcho buys 3 floors in Prabhadevi building

Massive Mumbai property buy! For Rs 127 cr, this honcho buys 3 floors in Prabhadevi building

Thu, Oct 25, 2018

The new owner will also get a total of 14 car parks along with the flats. The report quoted source as saying, “The buyer even paid above Rs 6.37 crore ad stamp duty for registering the documents. Apart from this the buyer also paid a GST on the total amount which brings the figure close to Rs 140-150 crore.”

Year of consolidation: Top five mergers and acquisitions in Indian businesses in 2016

Year of consolidation: Top five mergers and acquisitions in Indian businesses in 2016

Thu, Dec 29, 2016

From e-commerce space to the energy sector, India Inc 2016 saw a lot of mergers and acquisitions as companies changed gears to consolidate their businesses. Top five deals of the year are as follows: 1. Myntra & Jabong

Cyrus Mistry denies Tata Group's claim on Welspun Power buy

Cyrus Mistry denies Tata Group's claim on Welspun Power buy

Sat, Oct 29, 2016

Stepping up his attack on the Tata Group in general and Ratan Tata in particular, ousted chairman Cyrus Mistry, on Friday, denied group's claim that the board was not properly consulted on Tata Power's purchase of Welspun Power in June.

Welspun shares fall by over 3% as it faces $5 million lawsuits in the US

Welspun shares fall by over 3% as it faces $5 million lawsuits in the US

Thu, Sep 15, 2016

Welspun shares have dropped as much as 3.2% on Sensex on Thursday after two class-action lawsuits worth over $5 million each were filed against it in the US. Currently, the shares of the company are trading down 2.69% or Rs 1.55, at Rs 56.10 per piece at 1131 hours.

Welspun faces new probe from Bed Bath, shares pressured

Welspun faces new probe from Bed Bath, shares pressured

Thu, Aug 25, 2016

U.S. retailer Bed Bath & Beyond said it ordered an external audit of textiles from Welspun India, putting more pressure on the embattled Indian bedding and towel maker that has seen nearly half its market value wiped out this week.

Watch top 5 market stories of the day; From Congress giving green signal to GST Bill to Nifty closing above 8,500-mark

Watch top 5 market stories of the day; From Congress giving green signal to GST Bill to Nifty closing above 8,500-mark

Thu, Jul 28, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five market stories of the day: 1. Congress gives signs to support GST Bill

Tata Power to acquire Welspun's renewable energy arm

Tata Power to acquire Welspun's renewable energy arm

Mon, Jun 13, 2016

This represents the largest transaction in renewables space in India. WREPL has one of the largest operating solar portfolios in India spread across ten states.

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