Welspun Corp Re-appoints Independent Directors, Approves Capex

Welspun Corp Limited's Board of Directors has approved the re-appointment of Mr. Manish Chokhani and Mr. Anjani Kumar Agrawal as Independent Directors for second terms. The company also approved a capital expenditure of USD 115 million to set up an additional Spiral Pipe facility in Arkansas, USA, increasing capacity by 225 KMTPA. Furthermore, Welspun Corp and Perma-Pipe will jointly invest up to USD 125 million in Jordan to establish pipe manufacturing and coating facilities, funded 50:50 by each partner. The board also considered the unaudited financial results for the quarter and half-year ended September 30, 2026.