Welspun Corp commences regular dispatches from its DI pipe making facility; stock rises

21 Oct 2022 , 09:30 AM

Welspun Corp Limited announced that its state-of-the-art Ductile Iron (DI) pipe manufacturing plant is fully operational and has commenced regular dispatches from October 19, 2022, through its wholly-owned subsidiary Welspun DI Pipes Limited.

B. K. Goenka, Chairman of the Welspun Group, stated, “This integrated plant is one of the largest single-site DI Pipe Plants in India. We are thrilled to be contributing to the Jal Jeevan Mission and substantially impacting people’s lives. Furthermore, with this significant investment, we will create numerous new direct and indirect job opportunities in Gujarat and around the country.”

This facility has a capacity of 400,000 MT of Ductile Iron (DI) Pipes and is outfitted with cutting-edge technology. The facility has also just gained BIS accreditation.

The company stated that it is also working gradually to increase its production capacity.

At around 9.34 AM, Welspun Corp was trading at Rs229.45 up by 0.31% from its previous closing of Rs228.75 on the BSE. The scrip opened at Rs230.65 and touched intraday high and low of Rs232 and Rs228.65 respectively.

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