Subsidiary31 Aug 2026, 07:40 pm
Welspun Corp Ltd Incorporates Associate Company 'Welspun Slagexcel'
AI Summary
Welspun Corp Ltd has announced the incorporation of its associate company, 'Welspun Slagexcel Private Limited' (WSPL), on August 31, 2026. WSPL will be engaged in manufacturing Ground Granulated Blast Furnace Slag (GGBS) through a slag granulation process. The initial paid-up share capital of WSPL is ₹1,00,000, with Welspun Corp subscribing to 26% (2,600 shares) amounting to ₹26,000. This incorporation marks WSPL's official status as an associate company of Welspun Corp Ltd.
Key Highlights
- Welspun Corp Ltd incorporated an associate company, Welspun Slagexcel Private Limited (WSPL).
- WSPL will manufacture Ground Granulated Blast Furnace Slag (GGBS).
- Welspun Corp holds a 26% stake in WSPL.
- Initial paid-up capital of WSPL is ₹1,00,000.
Price Impact
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