The park was once planned to be 1.2 million square feet in size, requiring an investment of Rs 700 crore.
Consolidated revenue for the quarter ended September 30, 2024, stood at ₹3,364 crore, an 18.6% decline from the ₹4,059.45 crore recorded in the same quarter last year.
Welspun plans to execute these orders within FY25 and FY26, reinforcing its presence in both domestic and international markets.
Welspun Corp Ltd stock has gained a total of 91% in the last one year, and almost 30% since the beginning of the year.
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This investment will help Welspun expand its leadership position in the US oil and gas segment by diversifying its product portfolio.
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Welspun Corp's associate company EPIC secures ₹525 crore contracts for manufacturing and supplying HSAW pipes.
Net profit appears to have grown by 20%, however this is due to lower financing costs, increased other income, and lower taxes.
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