Mon, Nov 11, 2024
The proceeds from the sale of EPIC shares are proposed to be redeployed by WMHL in its new wholly-owned subsidiary Welspun Pipes Company, KSA (WPC), for partly financing the capex of USD 200 million for DI (ductile iron) and LSAW (Longitudinal Submerged Arc Welding) pipes greenfield projects in KSA.
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Mon, Aug 21, 2023
The acquisition aligns with WEL's strategy to expand its water infrastructure business and marks the company's entry into the high-margin and high-growth water and tunneling solutions segment, strengthening its overall business portfolio, the statement said.
Tue, Aug 01, 2023
Part of Welspun Group, Welspun Enterprises Ltd (WEL) is an infrastructure development company focusing on the road, water and wastewater segments.
Mon, May 23, 2022
The domestic stock market made a sharp recovery on Friday as headline indices surged nearly 3 per cent each on Friday. Broader Nifty50 settled 16,200, while the Sensex gained more than 1500 points to end near 54,300.
Thu, Apr 11, 2019
Key equity indices, Sensex and Nifty, witnessed steep decline on Wednesday after the International Monetary Fund (IMF) lowered global economic growth outlook to 3.3 per cent for this year.
Sun, Mar 26, 2017
The pipeline will carry tar sands oil from Canada to refineries on the Texas Gulf Coast.
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