Welspun Corp Limited

Welspun Corp Ltd announced the incorporation of a new step-down wholly-owned subsidiary, Welspun Special Coating Private Limited (WSCPL), through its existing wholly-owned subsidiary, Welspun DI Pipes Limited (WDI). WSCPL was incorporated on September 17, 2026, with an initial paid-up share capital of ₹1,00,000/-. The subsidiary will engage in various types of coating works, including polyolefin, epoxy, polyurethane, and other protective or functional coatings. This move is expected to enhance Welspun Corp's capabilities in specialized coating services.

Welspun Corp Ltd has announced a delay in the acquisition of approximately 2.57% equity stake in Welspun Mauritius Holdings Limited (WMHL) from its wholly-owned subsidiary, Welspun Pipes Inc., USA. The acquisition, initially expected by September 30, 2026, is now anticipated to be completed by March 31, 2027, due to pending procedural and transactional formalities. Upon completion, WMHL will become a direct wholly-owned subsidiary of Welspun Corp. The objective is to streamline the company's overseas holding structure. This transaction is with a subsidiary and will not impact the consolidated financial statements.

Welspun Corp Ltd announced the closure of its trading window for designated persons and their immediate relatives, effective October 1, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. The window will remain closed until 48 hours after the Board Meeting, which will consider and approve the un-audited financial results for the quarter and half year ending September 30, 2026. The date of the Board Meeting will be intimated later.

Welspun Corp's wholly-owned subsidiary in the USA, Welspun Tubular LLC, has secured its largest-ever order for High-Frequency Induction Welded (HFIW) pipes. The order is valued at approximately USD 412.5 million (around ₹4,000 crore) and will be supplied from the company's upgraded facility in Little Rock, USA. The execution of this order is scheduled for FY28 and FY29. This significant contract boosts Welspun Corp's global order book to a historic high of USD 4.7 billion (approximately ₹45,000 crore), underscoring its manufacturing capabilities and strategic expansion.

Welspun Corp's associate company, East Pipes Integrated Company (EPIC) in Saudi Arabia, has secured a significant contract with Saudi Aramco. The contract is for the manufacturing and supply of steel pipes, valued at over 771 million SAR (approximately INR 2,000 Crore), including VAT. The contract duration is six months, with financial impact expected from Q4 FY2026-27 through Q1 FY2027-28. EPIC is a leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes in Saudi Arabia, known for its execution of mega orders and support for Saudi Vision 2030.

Welspun Corp Ltd announced the incorporation of a new step-down wholly owned subsidiary in Jordan through its wholly-owned subsidiary, Welspun Global Holdings Limited (WGHL). The new entity, to be named 'Welspun Pipe Jordan, PSC' or similar, will focus on manufacturing, producing, processing, and fabricating iron and steel wires, tubes, and pipes, including line pipes for oil, gas, and water transportation. It will also engage in casting and processing of iron and steel. The incorporation is subject to regulatory approvals in Jordan, and the shareholding will be 100% by WGHL, funded by cash consideration.

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.

Welspun Corp Limited and Perma-Pipe International Holdings, Inc. have signed a Memorandum of Understanding (MOU) with developers of Jordan's National Water Carrier Project and the Government of Jordan. The agreement aims to establish integrated pipe manufacturing and advanced coating facilities in Jordan. This joint venture will leverage Welspun's large-diameter steel pipe manufacturing expertise and Perma-Pipe's anti-corrosion coating systems. The facility is intended to serve water, oil & gas, energy, and infrastructure projects in Jordan and the wider Levant region, potentially expanding to support reconstruction efforts in neighboring countries. Further details on investment, ownership, and timeline will be announced upon completion of definitive agreements.

Welspun Corp Ltd (WCL) has announced the cancellation of its proposed sale of a 26% equity stake in its subsidiary, Clean Max Dhyuthi Private Limited, to Welspun Living Limited (WLL). The transaction, initially approved on May 21, 2026, involved selling 48,599 equity shares for ₹760 lakhs and was expected to be completed by August 31, 2026. Both parties have mutually agreed not to proceed with the deal due to current market conditions related to power demand, supply, and availability. Clean Max Dhyuthi is involved in solar and renewable energy generation under a captive model.

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.