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Last 110.50 INR
Change Today -0.95 / -0.85%
Volume 138.1K
WLCO On Other Exchanges
Symbol
Exchange
Singapore
As of 1:12 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

welspun corp ltd (WLCO) Snapshot

Open
110.85
Previous Close
111.45
Day High
111.95
Day Low
108.80
52 Week High
08/5/15 - 153.90
52 Week Low
03/27/15 - 51.90
Market Cap
29.1B
Average Volume 10 Days
816.8K
EPS TTM
2.63
Shares Outstanding
263.2M
EX-Date
06/18/15
P/E TM
42.0x
Dividend
0.50
Dividend Yield
0.45%
Current Stock Chart for WELSPUN CORP LTD (WLCO)

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welspun corp ltd (WLCO) Details

Welspun Corp Limited, together with its subsidiaries, manufactures and sells steel pipes, plates, and coils in India and internationally. It provides submerged arc welded pipes; and hot rolled steel plates and coils for the ship building, line pipes, wind power, offshore rigs and platforms, boiler and pressure vessels, turbines and generation equipment, mining, earth moving equipment, pre-engineered buildings, infrastructure, industrial machinery, and defense industries. It is also involved in the trading of steel products; coating of pipes; operation of oil and gas assets; and power generation, as well as laying oil and gas, and water pipelines. The company was formerly known as Welspun Gujarat Stahl Rohren Limited and changed its name to Welspun Corp Limited in April 2010. Welspun Corp Limited was founded in 1995 and is headquartered in Mumbai, India.

Founded in 1995

welspun corp ltd (WLCO) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: 45.1M
Non-Executive Director, Member of Share Trans...
Total Annual Compensation: 830.0K
Compensation as of Fiscal Year 2015.

welspun corp ltd (WLCO) Key Developments

Welspun Corp Ltd and Wasco Energy Ltd to Enter Joint Venture

Welspun Corp. Ltd. is entering into a joint venture with Wasco Energy Ltd. The joint venture company is to set up a concrete weight coating (CWC) plant at Anjar, Gujarat. Welspun will hold 51% and wesco will hold 49% in the joint venture company. This venture will augment Welspun's offering to the market duly supported by Wasco's strong credentials in concrete weight coating business globally. CWC is a plant-applied coating used to provide negative buoyancy for offshore pipelines or for river/road crossing applications. Concrete coating protects the external corrosion for pipelines installed offshore, at water crossings or in swamps along with mechanical protection at highway and railroad crossings. The capital expenditure for the project forms a part of fiscal 15-16 planned capex of around INR 2,000 million. The joint venture will provide Welspun with the strategic advantage of becoming a one-stop solution for steel pipe coating requirements to service all offshore requirements for the oil & gas industry. The joint venture will held both companies to reduce the time to market, while maintaining the technical excellence that Welspun is renowned for. The joint venture will support Wasco to expand its foot print across the Indian Continent.

Welspun Corp Seeks Financing

Welspun Corp Limited (BSE:532144) is planning to raise INR 5 billion through securities.

Welspun Corp Limited, Annual General Meeting, Aug 31, 2015

Welspun Corp Limited, Annual General Meeting, Aug 31, 2015., at 13:00 Indian Standard Time. Location: Welspun City. Agenda: To consider the financial statements for the financial year ended March 31, 2015 and the reports of the board of directors and the auditors thereon; to consider declaration of dividend on equity shares; to appoint a director in place of Mr. Balkrishan Goenka; to appoint a director in place of Mr. Utsav Baijal who retires by rotation, and being eligible, offers himself for re-appointment; to consider and, if thought fit, to pass the ordinary resolution to resolve that Mr. Atul Desai who was appointed as an additional director of the company with effect from October 1, 2014 and who holds office up to the date of this annual general meeting and in respect of whom the company has received a notice in writing from a member proposing his candidature for the office of the director of the company, be and is hereby elected and appointed as an independent non-executive director to hold the office for five consecutive years commencing from October 1, 2014, not liable to retire by rotation.

 

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Valuation WLCO Industry Range
Price/Earnings 15.9x
Price/Sales 0.3x
Price/Book 1.0x
Price/Cash Flow 4.6x
TEV/Sales NM Not Meaningful
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