Welspun Corp Ltd to create Pipe and Steel verticals

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Welspun Corp Ltd. (WCL) - a flagship company of the Welspun Group, is amongst the leading welded line pipe manufacturing companies in the world. Recently the company has initiated its foray in Ductile Iron Pipes business by setting up of a
greenfield plant in Anjar. The Board has also approved proposed demerger of Welspun Steel Ltd's Steel undertaking with WCL, thus heralding its entry in Steel TMT bars and in Seamless Stainless Steel Pipes.

In view of the above growth plans and to bring a sharp focus, the company has decided to create 2 independent verticals - pipe & steel.

Steel Vertical: This will comprise of company's DI business through its subsidiaries WML and WDI. Along with that, the TMT bars would become part of the "Steel Vertical".

Pipe Vertical: The global pipe operations have now converged into a "Pipe Vertical" which would be headed by a Chief Executive…
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