Acquisitions12 Nov 2026, 06:43 pm
Welspun Corp Completes 49% Stake Acquisition in WSCPL
AI Summary
Welspun Corp Ltd has successfully completed the acquisition of a 49% direct stake in Welspun Special Coating Private Limited (WSCPL), a former step-down wholly owned subsidiary. The transaction involved Perma-Pipe Qatar acquiring a 51% stake and Welspun Corp acquiring the remaining 49% from Welspun DI Pipes Limited for an aggregate consideration of ₹49,000/-. WSCPL will now operate as a joint venture with Perma-Pipe Qatar, focusing on Internal Fusion Bonded Epoxy (IFBE) coating works and related activities in India. IFBE coating is crucial for protecting steel pipes against corrosion and chemical damage, with applications in oil & gas, chemical, and water pipelines.
Key Highlights
- Welspun Corp acquired 49% stake in WSCPL for ₹49,000.
- WSCPL is now a joint venture with Perma-Pipe Qatar (51% stake).
- The JV will focus on Internal FBE coating for pipes in India.
- IFBE coating protects pipes from corrosion and chemical damage.
- Applications include oil & gas, chemical, and water pipelines.
Price Impact
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