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Welspun India hires Ernst & Young to probe US export lapses

Welspun India hires Ernst & Young to probe US export lapses

 Welspun India today said it has appointed consultancy firm Ernst & Young to look into alleged lapses in its products supply after the US-based Target Corp terminated contract with the textiles maker.

Welspun India net up 33%; to bring down debt further

The world's third largest home textile manufacturer Welspun India, which Tuesday reported its best-ever quarterly profit with a 32.7 percent rise at Rs 172.35 crore for the September quarter, said it will considerably bring down its debt this fiscal year.

Welspun to push innovation, own textile brands;eyes $2.5 bn sales

Welspun India, the largest supplier of home textiles in the US and also the world's third largest manufacturer of such items, is targeting USD 2.5 billion revenues by 2020, up 150 percent from present sales, by increasing sale of its own brands and innovative products.

Welspun India forays into e-commerce with online store

Home textiles major Welspun India Thursday announced foray into e-commerce space with its new online retail store Shopwelspun.In, and targets a revenue of USD 50 million by 2020.

Welspun Q1 net up 55% at Rs 163 cr; plans Rs 1,100 cr capex

Home textiles firm Welspun India, part of the USD 3 billion Welspun Group, Monday reported a 55.42 percent jump in its consolidated net profit at Rs 163.15 crore for the first quarter of 2015-16.

Welspun India Q4 net profit jumps 97.39% to Rs 161.37 cr

Textile firm Welspun India Wednesday reported a 97.39 percent increase to Rs 161.37 crore in its consolidated net profit for the fourth quarter ended on March 31, 2015.

Welspun India Q4 Net jumps 83% to Rs 98.66 crore

Welspun India today reported over 83 percent jump in its net profit at Rs 98.66 crore for the quarter ended March 31.

Welspun gets funding for Karnataka solar project

The 7 MW project located in Chitradurga district will cost Rs 65 crore and is being funded in 75:25 debt-equity ratio.

Welspun to focus on pipe and plates biz; demerge other units

In a statement, the company said that Welspun Corp -- the flagship company of the Welspun group -- will solely focus on pipe and plates business in India and globally. The demerged company -- Welspun Enterprises-- would focus on steel, infrastructure, oil and gas exploration and energy businesses.

Welspun India posts net profit of Rs 53.82 cr in Q4 FY 13

The company said its standalone net profit rose to Rs 171.40 crore in 2012-13 from Rs 117.11 crore in FY 12.

Welspun to invest Rs 1,000 cr to hike yarn, cotton production

The Mumbai-based firm, which exports over 90 percent of its production, has also set a target to achieve a turnover of USD 1 billion in the next four years from USD 650 million at present.

Welspun India Q3 net profit at Rs 52 crore

Textile firm Welspun India on Thursday reported a net profit of Rs 51.6 crore for the third quarter ended December 31, 2012.

Welspun India eyes up to $650 mn revenue in FY'13

Home textile manufacturer Welspun India is eyeing up to USD 650 million revenue (about Rs 3,547.7 crore) revenue by the end of this fiscal on the back of solid order books, a senior company official has said.

Welspun India Q4 net at Rs 42.42 cr

Welspun India (WIL), a part of the USD 3.5 billion Welspun Group, Tuesday reported net profit of Rs 42.42 crore for the fourth quarter ended March 31.