The selection was based on an open tender process done by RailTel a "Miniratna", central PSU under Ministry of Railways.
These segments require heavy-duty pipes, such as 24-inch lines, which Welspun was previously unable to manufacture but will now be able to with the new capacity.
The acquisition is priced at $7.50 per share and will be completed in cash within 60 days, subject to regulatory approvals
Indian benchmark indices ended lower on third consecutive session on June 3.
The company raised ₹220 crore from the initial public offer (IPO) at an issue price of ₹140 per share.
The sharp increase in the recent order pipeline was driven by various project wins, such as a 1 GWh BESS for state-owned SJVN Ltd., as well as customers orders.
Markets are treating 25 bps rate cut as fait accompli; but the question is whether RBI will go to 50 bps?
Here are some of the stocks that may see significant price movement today: Wipro, Texmaco, Tata Technologies, etc.
In May 2025, mid-caps bounced; but old favourites like defence, railways, and capital markets were back
The partnership is built to meet customer demand to rationalize their agentic automation initiatives and achieve enterprise scale digital transformation
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.