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Welspun India

Welspun Corp on Tuesday announced the appointment of Gerald Mosley as Chief Executive Officer (CEO) of US-based subsidiary Welspun Tubular LLC.
His appointment is effective from November 27, 2023, Welspun Corp said in a regulatory filing.
"We...inform about the key management personnel's appointed by the company's wholly-owned subsidiaries in the US. Gerald Mosley is appointed as Chief Executive Officer for Welspun Tubular LLC w.e.f. November 27, 2023," the filing said.
In this role, Mosley would be responsible for defining the strategy & implementation plan to drive business growth in existing and new markets, thereby retaining the global leadership position.
Mosley, 49, has an MBA degree from Colorado State University and an M.S. in Logistics Management from Georgia College and State University.
Besides, he has a diploma in Technology Commercialization from the University of Texas - McCombs School of Business.
The manufacturing facility in Little Rock, Arkansas produces pipes .

Press Trust of India

Welspun corporate office building is pictured in Mumbai

So far in November alone, the stock has rallied 29 per cent as against around 3 per cent gain on the Sensex.

Business Standard

Saudi Aramco

Homegrown Welspun Corp on Friday said its associate company East Pipes Integrated Company for Industry (EPIC) has signed a contract with Saudi Aramco worth about Rs 1,000 crore for manufacturing and supply of large diameter steel pipes.
The total value of the order exceeds Saudi Riyal 440 million (about Rs 1,000 crore) inclusive of value added tax, Welspun Corp said in a statement.
"Associate company EPIC in the Kingdom of Saudi Arabia (KSA) has signed a contract for the manufacturing and supply of large diameter steel pipes with Saudi Aramco.
"The financial impact of this contract is expected to be reflected in the second and third quarter of the financial year 2024-2025," it said.
The duration of the contract is 13 months.
This order is in addition to the announcement made by Welspun Corp in May 2023 for the landmark SAR 1.8 billion (about Rs 4,000 crore) contract with Aramco, the statement said.
EPIC is Saudi Arabia's leading manufacturer of Helical Submerged Arc Welded (HSAW)

Sensex, Nifty, stock brokers

Welspun Corp surged 7 per cent to Rs 489.30 on the BSE, its highest level since February 200

Welspun, which also operates in the United States and Saudi Arabia, said its revenue from operations surged more than two-fold to Rs 4,059 crore, backed by its core steel products

Reuters

The revenue from operations for Q2FY24 stood at Rs 2,509.08 crore, compared to Rs 2,113.46 crore year-on-year

Welspun Corp Ltd (WCL) on Thursday said it has bagged a contract to supply 61,000 metric tonnes (MT) of LSAW pipes and bends in the Middle East.
The company will supply the longitudinally submerged arc welding (LSAW) pipes and bends from its plant, located at Anjar in Gujarat, WCL said in a statement.
"Welspun Corp wins a contract to supply 61,000 MT of bare pipes and bends to the Middle East, which will be used for offshore production and transport of gas. With the receipt of the above order, WCL has cumulatively received total orders of approximately 1,91,000 MT of line pipes, to be executed from its India and USA facilities since its last announcement dated August 4, 2023," the statement said.
In the statement, the company did not disclose the order value.
Welspun Corp Ltd (WCL) is one of the largest manufacturers of large-diameter pipes globally.
The company also manufactures steel billets, TMT (thermo-mechanically treated) rebars, DI (ductile iron) pipes, stainless steel pipe

News

Welspun Corp appoints Gerald Mosley as CEO of US-based subsidiary

Welspun Corp scales new peak on future growth plans; up 200% in 9 months

Welspun Corp's EPIC signs Rs 1,000-cr contract with Saudi Aramco

Stock of this iron & steel company zoomed 130% in 7 months; hits 15-yr high

Welspun posts net profit at Rs 385 crore in Sep quarter on robust demand

Welspun India Q2FY24 result: Net profit jumps 2305% YoY to Rs 200.4 cr

Welspun bags contract to supply 61,000 MT of LSAW pipes, bends in Mideast