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Welspun Corp Ltd. Company History and Annual Growth Details

YEAR EVENTS

2002

-Bags international order worth Rs.62 cr for three layer PE and internal epoxy lining coated spiral pipes.

2003

-Bags prestigious order from Petroiran Development company, from Iran worth US $102 million.

-Board approves to forfeit partly paid equity shares of face value of Rs.10 each.

-IFCI offloads 3.03 cr shares of WGSRL in the secondary market.

2004

-Welspun Gujarat forays into weld pipes biz

-Welspun Gujarat Stahl bags Rs 4070 million Saw Pipes order in Libya

-Welspun Gujarat ties up with Eupec Group

2005

-WGRSL to restart trading on BSE, NSE from May 24

2006

-Welspun to acquire 40% stake in Joint Venture with TMK

-Welspun-Gujarat Stahl enters into a definitive agreement to form a JV with Lone Star Technologies Inc. USA

-Welspun sets up JV with Russian firm

2007

-Welspun-Gujarat Stahl Rohren Ltd has bagged prestigious pipeline orders worth Rs 1166 crores (USD 288 million) for the supply of line pipes overseas.

2008

-Welspun Gujarat wins Emerging Company of the Year Award - Economic Times - September 29, 08

2009

- Welspun-Gujarat Stahl Rohren Ltd has appointed Mr. Asim Chakraborty as a director on the Board of the Company w.e.f. April 20, 2009.

- Welspun-Gujarat Stahl Rohren Ltd has informed BSE regarding a Press Release dated June 29, 2009 titled 'Welspun-Gujarat bags fresh orders worth Rs 960 Crore; Order book swells to Rs 8,700 Crore'

-Govt. signs MOUs worth Rs. 10 Cr - Times of India - August 18, 09

-Indian steel mill forges ahead in the U.S. - Wall Street Journal - May 4. 09

2010

-Welspun bags order worth Rs. 600 cr- Economic Times - 19 March 2010

-Welspun Gujarat buys 75% stake in MSK Projects - Economic Times - 19 March 2010

- Welspun Gujarat Stahl Rohren Ltd. (WELSPUN), the flagship Company of the US$ 3 billion Welspun Group and the 2nd largest Line Pipe Manufacturer in the World, today announced the appointment of Mr. Lauri Antero Malkki as its CEO.
 
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