Corporate News 29-Jun-21
Board of Welspun Corp decides to evaluate new business opportunities
At meeting held on 28 June 2021
The Board of Welspun Corp at its meeting held on 28 June 2021 has decided that the company will continue to evaluate suitable opportunities, for both organic and inorganic expansions which have synergies with its business. As such, the Company has a judicious capital allocation policy and any proposal has to first meet the internal thresholds for ROI and Profitability before being presented to the Board. Some of the new business areas that are being evaluated are: Marine Fabrication, Industrial Fabrication, Seamless Pipes (Carbon Steel), Renewable Energy etc. Accordingly, the company's objects clause is proposed to be amended.
Previous News
Welspun Corp reports consolidated net profit of Rs 384.67 crore in the September 2023 quarter
( Results - Announcements 09-Nov-23 07:55 )
Welspun Corp consolidated net profit declines 49.25% in the December 2022 quarter
( Results - Announcements 03-Feb-23 07:40 )
Welspun Corp consolidated net profit rises 3924.09% in the June 2023 quarter
( Results - Announcements 04-Aug-23 16:08 )
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