Akhil Jindal

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Forex losses eclipse Welspun Corp‘s strong operational show

Welspun Corp first quarter consolidated earnings were marred by foreign exchange losses and provisions related to that.
To bring net debt below Rs 1000cr in 3 years: Welspun

Akhil Jindal, Director of Welspun Group denies the ban to raise money from the capital market. The net debt is currently at Rs 2,500 crore against their networth of Rs 5,000 crore. They aim to bring it down to below Rs 1,000 crore in 3 years which is at .23 of debt equity levels and that is quite comfortable.
Transaction with Apollo likely to complete by Aug: Welspun

Welspun Group will be recieving capital infusion of USD 500 million from PE Apollo Global Management to expand its presence in the global oil and gas pipe market.

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Akhil Jindal

Forex losses eclipse Welspun Corp‘s strong operational show

To bring net debt below Rs 1000cr in 3 years: Welspun

Transaction with Apollo likely to complete by Aug: Welspun