Welspun Corp

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Welspun Corp Limited
TypePublic
BSE: 532144
NSE: WELCORP
IndustryConstruction & Engineering
Founded26 April 1995
Headquarters
Welspun House, Lower Parel, Mumbai, Maharashtra
,
India
Key people
Balkrishan G. Goenka
(Chairman)[1]
ProductsPipes, coils, plates, textiles, power, oil & gas, construction
Revenue₹4,642.11 crore (US$620 million)[2] (2021)
₹1,002.11 crore (US$130 million) (2021)
Number of employees
24,000[citation needed]
ParentWelspun Group
Websitewww.welspuncorp.com

Welspun Corp Limited is the second largest manufacturer of large diameter pipes in the world[3][4] based in Mumbai, Maharashtra.[5] It is a flagship company of the $3 billion (₹129 billion) Welspun Group.[6] It operates a 1.65 mtpa plant in Anjar, Gujarat, which is being increased to 2.1 mtpa.[7]

Divisions[]

  • The Welspun Pipes Division manufactures pipes from Dahej (Gujarat), Anjar (Gujarat) and Mandya (Karnataka) in India and Little Rock, Arkansas in the U.S.
  • Welspun Plates and Coil manufactures plates up to 4.5 meters wide and coils up to 2.8 meters wide.
  • Welspun Tubular LLC (USA): This spiral pipe and coating facility is spread across 740 acres and has an annual capacity of 350,000 tons near Little Rock Port, Arkansas. Welspun Tubular LLC begins production at its new electric-resistance welded (ERW) steel pipe mill in Little Rock, Ark., in 2012 according to a company executive.
  • Welspun Natural Resources Ltd is a joint venture with Adani Group. It has a portfolio of eight oil and gas assets across India, Thailand and Egypt.
  • Welspun Energy Ltd was incorporated to set up thermal power plants and solar energy power generating facilities.
  • Welspun Infratech Ltd was recently acquired from MSK Projects India Ltd to enter the infrastructure sector.

History[]

It was incorporated in 1995 as Welspun Gujarat Stahl Rohren Ltd.[8] It was renamed from Welspun Gujarat Stahl Rohren Ltd to Welspun Corp Ltd.[9]

Awards & Recognitions[]

Year Awards & Recognition Bestowed By
2014 FICCI Quality Systems Excellence Award for Manufacturing 2014 FICCI
2014 Nace International Corrosion Awareness Award 2014 Nace International
2013 EXCELLENCE in GLOBAL TRADE Governor's Award
2013 IPLOCA CSR Award (Runner Up) TOTAL
2011 Top Exporter for the Year 2010-11

Gold Trophy

EEPC
2011 Star Performer GAIL (Indian) Ltd.
2011 Best Indian Manufacturing Company in the US

7th Indo American Corporate Excellence Awards

IACC 2011
2010 Star Performer Award for the year 2008-09

All India Export Excellence Awards

EEPC 2010
2010 All India Export Excellence Awards EEPC 2010
2010 Top Indian Company under the Metal Pipes Dun & Bradstreet
2009 National Awards for Export Excellence - Silver Trophy Engineering Export Promotion Council - India
2008 Most Valuable Company in Metal Pipes Dun & Bradstreet
2008 Emerging Company of the Year Economic Times

Corporate Excellence Award

2008 2nd Largest Steel Pipe Producer in the World (Large Diameter) Financial Times
2007 Fastest Growing Company Business Today
2007 Fastest Growing Steel Products Company Construction World NICMAR
2007 Amongst the top 3 SAW Pipe Company in the World CLSA Asia Pacific Market Research
2007 Amongst the 20 Companies to watch out for in 2008 Business Today
2007 Amongst top 100 Corporates in India Standard & Poor's
2006 Award for the highest export - Iron and Steel based product - non SSI Engineering Export Promotion Council (EEPC)
2004 Fastest Growing Steel Products Company Construction World NICMAR
2001-03 Export performance Awards Engineering Export promotion council (EEPC)

References[]

  1. ^ "WELCORP History | Welspun Corp Ltd Company History & Profile". Economictimes.indiatimes.com. Retrieved 3 January 2011.
  2. ^ "Stock share price of Welspun Corp". BSE India.
  3. ^ "Welspun Gujarat may buy stake in Saudi co for Rs 260 cr". Business-standard.com. 5 April 2010. Retrieved 3 January 2011.
  4. ^ "wire / Tube 2010 - Welspun Gujarat Stahl Rohren Limited, India (Mumbai 400 013) - Carbon content (low)". Wire.de. Retrieved 3 January 2011.
  5. ^ "Welspun Corp Ltd. Locations Information | Welspun Corp Ltd Company Locations". Economictimes.indiatimes.com. Retrieved 3 January 2011.
  6. ^ "On the wings of steel : Features : Business Today". Businesstoday.intoday.in. 9 June 2008. Retrieved 3 January 2011.
  7. ^ "Times of India Publications". Lite.epaper.timesofindia.com. 30 June 2010. Retrieved 3 January 2011.
  8. ^ ":: Welspun ::". Welspuncorp.com. Retrieved 3 January 2011.
  9. ^ "Welspun shares down 27 pct on SEBI ban". Financialexpress.com. 3 December 2010. Retrieved 3 January 2011.

External links[]

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