Welspun Corp Limited — Important, 28-05-2025: General Updates

Welspun Corp has announced a board meeting to approve the financial results for the quarter and half-year, proposing a final dividend of Rs. 5 per share. The company plans to raise up to Rs. 500 Cr through Commercial Papers/NCDs for working capital. It is investing US$125 million in a greenfield LSAW pipe facility in the US and upgrading capacity at Anjar with Rs. 215 Cr capex for hybrid Spiral & LSAW pipes and hot induction bends. A Rs. 40 Cr coating expansion at Bhopal is underway. The Anjar DRI plant project is on hold with no spend.