30
Jun
14:12
Welspun diversifies into TMT bar on strong prospects
Welspun Corp plans to acquire prospective TMT bar producer Welspun Steel Limited (WSL), a fellow Welspun Group subsidiary. The move will supplement Welspun Corp’s business and, among other things, result in earnings predictability, stronger revenue and improved competitiveness, as well as access to new markets and products, the Indian pipemaker says in a note seen by Kallanish.
WSL reported a turnover of INR 645.92 crores ($87 million) in the fiscal year thr…
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Anonymous
Very good overview of the weekly steel market.
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