StockWatch
·
Iron & Steel Products
Subsidiary13 Oct 2026, 08:50 pm

Welspun Corp Incorporates New Subsidiary in Jordan

AI Summary

Welspun Corp Ltd announced the incorporation of a new step-down wholly-owned subsidiary in Jordan, named Welspun Global Jordan ('WGJ'). This entity was incorporated on October 12, 2026, with an initial paid-up share capital of Jordanian Dinar 50,000, fully subscribed by Welspun Global Holdings Limited (WGHL), a wholly-owned subsidiary of Welspun Corp. WGJ will engage in the manufacturing, processing, and fabricating of iron and steel wires, tubes, and pipes, including line pipes for oil, gas, and water transportation, as well as casting and processing of iron and steel. This move signifies Welspun Corp's strategic expansion into new international markets.

Key Highlights

  • Welspun Corp establishes new wholly-owned subsidiary in Jordan.
  • The subsidiary, Welspun Global Jordan, will manufacture steel pipes.
  • Initial paid-up capital is Jordanian Dinar 50,000.
  • This is a strategic expansion into the Jordanian market.