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Welspun Corporation Limited

Kutch, Gujarat

| GST  24AAACW0744L2ZB

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The US$ 3.5 billion Welspun Group is one of India’s fastest growing conglomerates having registered a CAGR of 30% over the last decade. It has a presence across five business verticals -- Pipes, Plates & Coils; Home Textiles; Steel; Infrastructure; and Energy. In the first two verticals, it is a fully integrated player. Welspun is also among the recognised world leaders in the fields of Line Pipes and Home Textiles. The Group has a strong foothold in more than 50 Countries, employs over 24,000 people and has as many as 100,000+ shareholders.
 
The Group has business dealings with companies across the globe, including a number of marquee clients, covering most of the Fortune 100 companies in the Oil & Gas and Retail sectors. Among the group’s subsidiaries is Welspun USA, Welspun Tubular LLC, Welspun Middle East and Welspun UK.
 
In the Line Pipe sector, Welspun has to its credit some of the most prestigious projects including the world’s deepest pipeline project in the Gulf of Mexico, U.S.A, heaviest pipeline project in the Persian Gulf, highest LNG pipeline project in Peru and longest pipeline project from Canada to the US.
 
In the Home Textiles sector, Welspun is the largest integrated towel manufacturer in Asia, a leading supplier to 14 of the top 30 US retailers, and a global supplier offering the entire range of products within the segment.
 
Welspun has a diversified manufacturing base with its core facilities in Anjar, Gujarat, as well as other units in different parts of India, and one plant each in USA and Saudi Arabia.
 
Behind this rapid rise to prominence lies a story of vision, foresight, planning, excellence and, above all, the willingness to face challenges and overcome them, to devise innovative solutions, to dare to commit, when many others would have taken the less difficult path.
 
Additionally, Welspun has a highly developed CSR programme which has a unique focus on the three ‘E's - Education, Empowerment & Health and Environment. The aim is the empowerment of the underprivileged and establishing a sustainable business model that takes care of the environment. The activity is not limited to large, high profile projects, and every Welspunite is encouraged to contribute to the community at large.
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Nature of Business

Manufacturer

Total Number of Employees

1001 to 2000 People

Year of Establishment

1985

Legal Status of Firm

Limited Company (Ltd. / Pvt. Ltd.)

GST Number

24AAACW0744L2ZB

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Welspun Steel Ltd. (WSL) is a leading manufacturer of quality products like ISI certified TMT rebars as well as ingots, billets, blooms and rolled bars in rounds, round corner squares & seamless pipes / tubes. We have a special expertise in alloys and high grade steels at our 60,000 MTPA state-of-the-art facility in Anjar. WSL supplies quality and engineering grade steel, Carbon and alloy Steels used mainly for Auto-manufacturing / auto components and other engineering applications.

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Socially responsible and ethical business practices are the defining tenets of Welspun’s corporate philosophy. In everything we do there is a strong commitment to wider, all-round social progress, as well as to a sustainable development that balances the needs of the present with those of the future.
 
The Group’s social vision has been enshrined in the three E’s which have become the Guiding Principles of our CSR initiatives - Education, Empowerment & Health, and Environment and a number of projects have been taken up under the banner of the Welspun Foundation for Health and Knowledge (WFHK).
 
WFHK is an essential part of the Group’s set up, and is active wherever we have a business presence. Through it we engage with local stakeholders, and in a process that is both consultative and collaborative, we have taken up a range of innovative programmes in the spheres of health, education, environment, as well as cultural and civic projects over the last few years.
 
Local Stakeholder Engagement is extremely important and in most of our project centres we have successfully managed to integrate with and develop mutually beneficial relationships with them by supporting innovative programmes in health, education, environment, as well as cultural and civic projects. We take utmost care to integrate community investment considerations into decision-making and business practices and assist in local capacity building to develop mutually beneficial relationships with communities.

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Welspun Energy Ltd. (WEL), India’s biggest developer of solar photovoltaic projects & the energy arm of Welspun Group,is an independent power producer with plans to build grid connected 750MW of solar power & 1 GW of wind power plants across India. These are amongst the largest capacities for renewable energy generation in the country. Since inception, the company has been aggressively moving forward in the renewable energy space.
 
India’s leading renewable energy company plans to meet the country’s growing energy needs in an efficient and environment friendly manner. The Company is based in New Delhi.

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With an aim to enter into the US$500 billion infrastructure industry in India, Welspun Corp Ltd. set up this 100% subsidiary. The Company recently announced the acquisition of MSK Projects India Ltd now known as Welspun Projects Ltd. With this acquisition Welspun will foray into infrastructure and will enter into laying of oil & gas and water pipelines. Acquired 35% in Leighton, India, subsidiary of Leighton Australia, one of the most renowned EPC Company globally.

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