Welspun Corp Incorporates New Step-Down Subsidiary

Welspun Corp Limited announced the incorporation of a new step-down wholly owned subsidiary, 'Welspun Special Coating Private Limited', through its wholly-owned subsidiary Welspun DI Pipes Limited. The new entity will focus on providing various types of coating works for pipes and metallic structures. The incorporation is subject to approval from the Ministry of Corporate Affairs, and the subscription of shares will be through cash consideration. This move expands Welspun Corp's service offerings in the protective coatings sector.