Welspun Corp Limited (Welspun Gujarat Stahl Rohren) is an Indian multinational company with its headquarters in Mumbai, India. It specializes in manufacturing large-diameter pipes and operates in multiple countries across six continents. Its manufacturing facilities are located in Anjar (

Gujarat Gujarat () is a States of India, state along the Western India, western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the List of states and union territories ...

Bhopal Bhopal (; ISO 15919, ISO: Bhōpāl, ) is the capital (political), capital city of the Indian state of Madhya Pradesh and the administrative headquarters of both Bhopal district and Bhopal division. It is known as the ''City of Lakes,'' due to ...

(

Madhya Pradesh Madhya Pradesh (; ; ) is a state in central India. Its capital is Bhopal and the largest city is Indore, Indore. Other major cities includes Gwalior, Jabalpur, and Sagar, Madhya Pradesh, Sagar. Madhya Pradesh is the List of states and union te ...

Mandya Mandya is a city in the state of Karnataka. It is the headquarter of Mandya district, Sugar factories contribute to the major economic output. It is also called Sugar City (Kannada: ''Sakkare Nagara'') because sugarcane is a major crop grown ...

(

Karnataka Karnataka ( ) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, 1956, States Re ...

), Jhagadia (

), and

Little Rock, Arkansas Little Rock is the List of capitals in the United States, capital and List of municipalities in Arkansas, most populous city of the U.S. state of Arkansas. The city's population was 202,591 as of the 2020 census. The six-county Central Arkan ...

, in the US. In 2020, Welspun Corp entered the DI pipes business with an installed capacity of 500,000 tonnes at its Anjar facility. The facility was commissioned in July of the same year and started operations in 2022. In 2023, Welspun Corp's subsidiary, Welspun DI Pipes, was awarded the

Kitemark The Kitemark is a UK product and service quality trade mark which is owned and operated by the British Standards Institution (BSI Group). According to BSI, Kitemark certification confirms that a product or service's claim has been independent ...

certificate by BSI UK for the size range of 100 to 1,000 DN against EN 545 and ISO 2531 standards. In March 2023, the company acquired

Sintex Sintex (formerly known as ''The Bharat Vijay Mills Ltd'' and ''Sintex Industries Ltd'') is the world's largest producer of plastic water tanks and Asia's largest manufacturer of corduroy fabrics. The company operates in Europe, America, Afric ...

, a water tank manufacturer, for Rs 1251 crores, as part of its strategy to expand its building materials portfolio. Welspun Corp also acquired specified assets of

ABG Shipyard ABG Shipyard Limited is a shipbuilding company headquartered in Mumbai, Maharashtra, India. History ABG Shipyard Ltd is a part of the ABG Group of companies with diversified business interests. Established in 1985, as Magdalla Shipyard Pvt. Lt ...

for Rs 659 crores.

History

1995–2005

Welspun Corp was incorporated in 1995 under the name Welspun Gujarat Stahl Rohren Limited, with technical collaboration from Intertec GmbH, Germany, and equity participation from Intertec GmbH and Gujarat Industrial Investment Corporation Ltd. The company runs facilities in Anjar, Gujarat and Mandya, Karnataka, India. It also has a plate and coil mill facility in India. In 2004, the company expanded its operations to include the production of high-frequency induction weld (HFIW) pipes and set up a new manufacturing facility in December of that year. The company started its pipe coating operations through a partnership with Eupec Pipe Coatings Ltd in

France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

. Subsequently, there was a consolidation within the company as it merged its joint venture entity, Eupec Welspun Pipecoating India, with Welspun Stahl. This collaborative unit, that was established in the late '90s in partnership with the German company Eupec Pipecoating GmBH, became integrated into Welspun Stahl.

2006–2010

In October 2006, the company announced a 40:60 joint venture with TMK Group,

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

's largest manufacturer and exporter of pipe products in the oil and gas sector. In December, the company entered into an agreement to establish a joint venture with Lone Star Technologies, a U.S.-based company, to manufacture spiral-welded tubular products for the oil and gas industry. As per the agreement, Lone Star and Welspun Pipe, a wholly owned subsidiary of Welspun-Gujarat Stahl Rohren, acquired 40% and 60% stakes, respectively, in the newly formed company named Welspun Lone Star Tubulars. However, Lone Star was acquired by US Steel in April 2007 for $2 billion. In July 2007, Welspun decided to withdraw from the joint venture with Lone Star and announced the establishment of a new wholly owned subsidiary in the U.S. with an investment of $150 million. In May 2009, Welspun Gujarat Stahl Rohren opened a $150 million plant in the U.S. for the production of steel pipes. In March 2010, the company bought a 75% stake in the construction firm MSK Projects India for Rs 400 crore through its subsidiary, Welspun Infratech. Lauri Antero Malkki became the CEO of the company in March 2023. Also, in 2010, the company rebranded from Welspun Gujarat Stahl Rohren to Welspun Corp Limited.

2011–2024

In August 2015, Welspun Corp teamed up with the Malaysian Wasco Energy to set up a concrete weight coating (CWC) plant in Anjar, Gujarat. In 2018, the company was awarded the gold medal in the National Awards for Manufacturing Competitiveness and the Greentech Environment Gold Award by International Research Institute for Manufacturing, India (IRIM). In 2020, Welspun Corp won the Golden Peacock National Quality Award. In October 2022, the company started operations at the Ductile Iron Pipes facility in Anjar through its wholly owned subsidiary, Welspun DI Pipes Limited. Also, in 2022, Welspun Metallics opened a manufacturing facility in Gujarat with an investment of Rs. 2000 crore. In 2022, WCL acquired specified assets from

, and in the first quarter of 2023, completed the acquisition of the Plastic Products business of Sintex BAPL.

Divisions

* The Welspun Pipes Division manufactures pipes from Dahej (Gujarat), Anjar (Gujarat) and Mandya (Karnataka) in India and

Little Rock Little Rock is the List of capitals in the United States, capital and List of municipalities in Arkansas, most populous city of the U.S. state of Arkansas. The city's population was 202,591 as of the 2020 census. The six-county Central Arkan ...

, Arkansas in the U.S. * Welspun Plates and Coil manufactures plates up to 4.5 meters wide and coils up to 2.8 meters wide. * Welspun Tubular LLC (USA): This spiral pipe and coating facility is spread across 740 acres and has an annual capacity of 350,000 tons near Little Rock Port, Arkansas. Welspun Tubular LLC begins production at its new electric-resistance welded (ERW) steel pipe mill in Little Rock, Ark., in 2012 according to a company executive. * Welspun Natural Resources Ltd is a joint venture with

Adani Group Adani Group (, ) is an Indian Multinational corporation, multinational Conglomerate (company), conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include port, sea ...

. It has a portfolio of eight oil and gas assets across India, Thailand and Egypt. * Welspun Energy Ltd was incorporated to set up thermal power plants and solar energy power generating facilities.

References

External links

Welspun Corp
{{Welspun Group Manufacturing companies based in Mumbai Steel companies of India Welspun Group Construction and civil engineering companies of India Indian companies established in 1995 Construction and civil engineering companies established in 1995 1995 establishments in Maharashtra Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange