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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 Projects' amalgamation scheme takes effect

Welspun Projects Tuesday said that the scheme of amalgamation between the company and four other group entities has become effective from today.

Gujarat HC approves merger plan of Welspun Enterprises

Welspun Enterprises on Wednesday said the Gujarat high court has approved the merger of the company and three other subsidiaries with Welspun Projects.

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 to exit from JV with Leighton for $99 min

The transaction would be completed in the first quarter of 2014 once the procedural conditions are met.

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 achieves financial closure for Solapur project

The company said it has achieved financial closure for the Rs 180 crore project being set up in Solapur in Maharashtra.

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 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 plans to buy back $150 mn convertible bonds

"The invitation to tender comprises an early offer and a late offer and will commence on October 17 and will expire on October 23, unless extended or reopened as provided in the tender offer memorandum," it said.

Welspun Corp bags Rs 819 cr orders

With this, the current order book of the company stands at Rs 10,000 crore, the company said in a statement.

Welspun bags Rs 1,738-cr orders

Welspun Corp's shares were trading at Rs 121.3 apiece at the BSE during the afternoon trade, up 0.92 percent over the previous closing.

Welspun Energy to invest Rs 15,000 cr in renewable projects

Welspun Energy, a part of diversified Welspun group, plans to invest about Rs 15,000 crore in solar and wind projects in the country in the next five years.