Welspun Corp looking at diversifying, to expand its portfolio targeting B2C segment

In a major move, Welspun Corp Ltd one of the biggest manufacturers of large diameter pipes in the world has decided to adopt a more consumer centric approach after getting major success in domestic as well as international markets. A report by SURFACES REPORTER

Welspun Corp Ltd., one of the flagship companies of $3 bn Textile major Welspun Group, is expanding its ambit to make it more consumer centric, Vipul Mathur, Managing Director & Chief Executive Officer, Welspun Corp Ltd, said.

During an interview, he also mentioned, “We have been significantly successful both in the domestic and international markets. Now I think it is time that we expand our base and, against that backdrop, we are diversifying our portfolio. We are foraying into ductile iron pipe manufacturing, setting up a steel plant, a long product mill, and a super specialty business.”

“All in all, we are trying to change the shape, colour and the contour of Welspun Corp. from what it was two years ago. In the next three years it is going to be a very different company," Mathur said.

Welspun Corp Ltd.

Welspun Corp Ltd., holds pipe mills in Dahej, Anjar & Mandya with a total welded pipe capacity of around 2.55 MMTPA. The company has recently posted a 70.21% drop in its net profit to Rs61.38 crore on a 6.78% decline in revenue from operations to Rs1,298.89 crore in the Q3 of FY22. It has also revealed the plans to invest more than ?2,500 crore in the expansion of its existing business.

In its credit, the company has supplied to world's one of the deepest pipeline project (Independence Trail in Gulf of Mexico), one of the highest pipeline project (Peru LNG), one of the longest pipeline (Canada to US) and the project involving supplies of one of the heaviest pipe  (56 inch X 1.34inch in Persian Gulf.


Post Your Comment

"Content that powers your Business. News that keeps you informed."

Surfaces Reporter is one of India's leading media in Print & Digital Telecast for News on Interiors & Architecture Projects, Products, Building Materials, and the Business of Design! Since 2011, it serves as a referral for designers & architects to know about inspiring projects and source new products. If you have a Product or Project worth publishing in Surfaces Reporter, please email us hello@surfacesreporter.com or you can also submit your project online.

Like Surfaces Reporter on Facebook | Follow us on Twitter and Instagram | Subscribe to our magazine | Sign Up for the FREE Surfaces Reporter Magazine Newsletter

Road Transport Ministry to penalise officials for faulty construction works| New Delhi | SR News Update

According to a latest circular by Road Transport Ministry, officials and agencies will be now held responsible and penalise for failure in checking quality of work and structures. The responsible agencies include NHAI, Road ministry and more. A report by SURFACES REPORTER (SR)

Read more

Saint-Gobain India Sets to Invest Rs 2,500 Crore in the Home and Construction Space | SR News Update

Saint-Gobain India, a foremost manufacturer of glass and building material, plans to invest more than ?2,500 crores in the home and construction sector in the coming two years. The leading firm will also introduce a range of innovative home solutions under the brand ‘MyHome.

Read more

Boom expected in Noida real estate with Microsoft & Adani | SR News Update

The real estate scenario in Noida is all set to get a boost with giants like Microsoft & Adani to set up their bas in the city, a report by SURFACES REPORTER (SR).

Read more

SR News Update: Salone del Mobile.Milano 2021 Postponed Until September Due to Corona

Milano President Claudio Luti confirmed the new dates for the 60th edition of Salone del Mobile.Milano.

Read more

This is alt