Welspun

Propel Plastic Products Private Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL), has discharged the consideration to the creditors of Sintex-BAPL Limited

Analysts had, on average, expected a profit of 609.5 million rupees, according to Refinitiv IBES data

Welspun exited 49 per cent of the BOT toll road and the remaining 51 per cent will require clearances expected to be completed by March 2024, it said in an exchange filing

Creates a portfolio of Rs 2,300 crore across five cities, aggregating to about 6.6 million square feet of gross leasable area

Welspun One Logistics Parks (WOLP), an integrated fund, development and asset management organisation, on Thursday said it has signed a memorandum of understanding (MoU) with the government of Karnataka to invest Rs 2,000 crore and aims to create over 6,000 jobs. The company plans to broaden its presence in the warehousing sector in South and signed the MoU at the ongoing Invest Karnataka: Global Investors' Meet. Welspun One seeks to utilise government and private land parcels in the State for the construction of Grade 'A' warehouse facilities and logistics parks, the company said in a release. WOLP said the warehousing facilities and logistics parks would spread across 6.28 million sq. ft. and be built over a 5-year period which would generate more than 6,000 jobs. "Our investment of INR 2,000 crores not only paves the way for Welspun One to expand into the growing warehousing and logistics market but also significantly demonstrates our ongoing dedication to the Indian economy,"

Ties up with Welspun for a 700,000 sq ft mega-gateway in Greater Mumbai, and with GMR for one million-plus sq ft in Bengaluru; both will be operational by 2023

Welspun India is part of Welspun Group, a conglomerate that has business interests in sectors including line pipes, home textile products, infrastructure, warehousing, steel, oil and gas

They have submitted that the industry and the product are at a nascent stage

Will invest Rs 300 crore in the project, which is coming up on 40 acres at Malur-Hosur road in Tamil Nadu

Named Welspun One Logistics Parks Fund I" the fund is a SEBI-registered Category II AIF

Rail ministry had invited RFQ for private operation of passenger trains over 12 clusters consisting of 140 Origin-Destination pair of routes with launch of 151 modern trains

From the middle of next year, Welspun Flooring will start exports to the US, Europe, Australia and southeast Asian countries

Mandawewala paid more than Rs 83,000 per sq ft in the sea-facing project of The Wadhwa Group and Hubtown, two of Mumbai developers

The group is also enhancing capacity of its technical textile business

Company takes Rs 501 crore hit in second quarter

The Egyptian cotton imbroglio hit Welspun hard and led to a net loss in Q2 from an otherwise healthy profit last year

The Welspun facility proposed at Dhamra has the potential to generate direct and indirect employment for 915 people

The Welspun incident has put the spotlight on the compliance track record of India Inc. Boards can play a key role in balancing compliance with competitiveness,

In the aftermath of the Welspun controversy, Business Standard gets deeper into the issue of global scrutiny facing Indian businesses across key sectors

Affected products represent around 6% of Welspun's total business