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Welspun Corp Anjar plant wins Environment Preservation award; stock up ~2%

Welspun Corp Limited’s Anjar plant in Kachchh district of Gujarat has won Gold award in the Environment Preservation category at the 7th Exceed Environment Award 2020.

September 03, 2020 10:29 IST | India Infoline News Service
Welspun Corp
Welspun Corp Limited’s Anjar plant in Kachchh district of Gujarat has won Gold award in the Environment Preservation category at the 7th Exceed Environment Award 2020.

“The company’s plant at Anjar has won the “Gold Award” in 7th Exceed Environment Award 2020 under “Environment Preservation” category in the manufacturing sector on the national level,” company informed the exchanges on Wednesday.

Welspun Corp Ltd is currently trading at Rs111.30, up by Rs2.15 or 1.97% from its previous closing of Rs109.15 on the BSE. The scrip opened at Rs110 and has touched a high and low of Rs111.30 and Rs109.05 respectively.

The company board members by a special resolution in the Annual General Meeting on Monday had approved the Listing & offer for sale of partial investment in Welspun Middle East Pipes LLC, a step-down subsidiary in Kingdom of Saudi Arabia. It also approved borrowings not exceeding Rs500cr, by issue of securities on private placement basis.

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