The company has merged Welspun Enterprises, Welspun Infratech, Welspun Plastics, Welspun Infra Projects and Welspun Projects on the recommnetdation of its audit committee.
A consortium of Welspun Infratech, Welspun Corporation and Leighton Welspun Contractors will be in direct contention with Adani Group firm Mundra Port and Special Economic Zone (MPSEZ) for a lucrative contract to develop the proposed Vizhinjam Port in Kerala.
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.
Pervez Umrigar of Welspun Infratech, in an interview with CNBC-TV18’s Sonia Shenoy, spoke about the latest acquisition that they have planned and future plans road ahead.