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Crude meltdown: Welspun Corp says no impact on its current order book
Mon, Mar 09, 2020
The company further said that, in the USA, all confirmed orders would keep its current capacity occupied till the third quarter of this year and even the potential beyond is also looking fairly robust as the major play for the company continues to be in gas sector.
Welspun Corp to sell assets worth Rs 940 crore
Mon, Apr 01, 2019
Welspun Corp, the flagship firm of the Welspun Group, Sunday said it will sell its assets worth Rs 940 crore to two companies -- Laptev Finance and Welspun Captive Power Generation.
Massive Mumbai property buy! For Rs 127 cr, this honcho buys 3 floors in Prabhadevi building
Thu, Oct 25, 2018
The new owner will also get a total of 14 car parks along with the flats. The report quoted source as saying, “The buyer even paid above Rs 6.37 crore ad stamp duty for registering the documents. Apart from this the buyer also paid a GST on the total amount which brings the figure close to Rs 140-150 crore.”
Year of consolidation: Top five mergers and acquisitions in Indian businesses in 2016
Thu, Dec 29, 2016
From e-commerce space to the energy sector, India Inc 2016 saw a lot of mergers and acquisitions as companies changed gears to consolidate their businesses. Top five deals of the year are as follows: 1. Myntra & Jabong
Cyrus Mistry denies Tata Group's claim on Welspun Power buy
Sat, Oct 29, 2016
Stepping up his attack on the Tata Group in general and Ratan Tata in particular, ousted chairman Cyrus Mistry, on Friday, denied group's claim that the board was not properly consulted on Tata Power's purchase of Welspun Power in June.
Welspun shares fall by over 3% as it faces $5 million lawsuits in the US
Thu, Sep 15, 2016
Welspun shares have dropped as much as 3.2% on Sensex on Thursday after two class-action lawsuits worth over $5 million each were filed against it in the US. Currently, the shares of the company are trading down 2.69% or Rs 1.55, at Rs 56.10 per piece at 1131 hours.
Welspun faces new probe from Bed Bath, shares pressured
Thu, Aug 25, 2016
U.S. retailer Bed Bath & Beyond said it ordered an external audit of textiles from Welspun India, putting more pressure on the embattled Indian bedding and towel maker that has seen nearly half its market value wiped out this week.
Watch top 5 market stories of the day; From Congress giving green signal to GST Bill to Nifty closing above 8,500-mark
Thu, Jul 28, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five market stories of the day: 1. Congress gives signs to support GST Bill
Tata Power to acquire Welspun's renewable energy arm
Mon, Jun 13, 2016
This represents the largest transaction in renewables space in India. WREPL has one of the largest operating solar portfolios in India spread across ten states.