The companies on whom this mandate will be applicable include Reliance Green Hydrogen and Green Chemicals, L&T Energy Green Tech, Waaree Clean Energy Solutions, JSW Neo Energy, Welspun New Energy and ACME Cleantech Solutions, among others.
This initiative will support its second Alternative Investment Fund (AIF), Fund 2, by providing dry powder to capitalise on a ready pipeline of 5 million sq ft, which is currently in the advanced stages of closure
The Goenka family is currently in talks to liquidate part of its stake, but may fully exit Welspun One based on the direction of the talks, according to sources.
Stocks on Radar: Get the latest stock market updates! In today's video, we cover key developments from Welspun Corp's $7,000 crore order win in the USA, Biocon's US FDA approval, Paytm's sale of PayPay SARs, Bajaj Healthcare's TGA certification, and JSW Energy's solar and coal mine projects. Don't miss out on these important stock movements.
EPIC is a step-down listed associate of Welspun Corp in the Kingdom of Saudi Arabia (KSA).
The market has snapped its six-day winning streak due to profit booking, with the Nifty 50 closing 37 points lower on September 27, the first day of the October series. However, the index maintained a higher highs-higher lows formation for another session, and volatility hit a fresh two-month low. As long as the index sustains above the 26,000-mark, reaching 26,500 cannot be ruled out in the upcoming sessions, especially after likely consolidation. The crucial support lies in the 25,900-25,800 zone, according to experts. Let's catch up on the latest news from the stock market. From significant investments to major deals, fund raising and appointments, here’s a quick look at which stocks will be in focus in today's trade. Watch here-
The company posted a consolidated profit of Rs 142.41 crore in the year-ago period.
Ventura Securities' Vinit Bolinjkar recommends investors buy Welspun India, Marksans Pharma and JSW Infrastructure during this market correction.
Welspun Corp Ltd is one of the world’s leading welded line pipe manufacturers and the flagship company of the Welspun Group.
There is a hope of recovery for the sector with trade volumes likely to improve in the second half of FY24 as global retailers order their summer and spring 2024 collections, some analysts said.
About 2034 shares advanced, 1408 shares declined, and 120 shares unchanged.
In a statement, Welspun Group said Sintex has been a household name in India for decades for water tanks and other plastic products. It has a strong distribution network across India.
The company, which had signed a brand licensing agreement with Walt Disney in January for the Europe and the UK market this year, also sees an increase of shelf space of licensed brands as compared to its private labels.
Donear Group's GBTL has bid for all assets of the textile company, while Arvind has bid for all categories except equity of BRFL Textile.
According to a regulatory filing by Welspun Corp, LIC which held 2,04,82,544 shares, or 7.72 per cent, sold 57,89,140 shares or 2.18 stake in the company.
Textile minister Smriti Irani said the initiative aims at exploring the synergy between culture and textiles and the initiative will be extended to rest of the country.
Welspun Flooring, an integrated and independent flooring vertical of the USD 2.3 billion Welspun Group, is looking to tap the potential of the renovation segment of the Rs 35,000-crore overall Indian tiles market.
The company, which offers bath, bedding and flooring solutions, has 29 active patents globally.
The company's total income grew 10.30 percent to Rs 1,797.8 crore during the quarter.
Tata Power's leverage had risen following the debt-funded acquisition of Welspun Renewables Energy in fiscal 2017.
The market breadth was in favour of the advances on Wednesday morning with 960 stocks advancing as against 649 declines while 389 remained unchanged. On the other hand, 1357 stocks advanced and 868 stocks declined while 89 remained unchanged on the BSE.
Welspun Enterprises, which is probably the experimental lab for the Welspun Group, holding several non-core and new ventures like infrastructure, oil & gas, power, solar and even finance, is finally sharpening its focus.
The Income Tax Department has conducted searches on Welspun Group’s Mumbai offices, according to a source in the Income Tax Department. The I-T Department has allegedly found irregularities in the book entries of Welspun, claim the source
Welspun Enterprises, part of USD 2.3 billion Welspun Group, had earlier announced plans to buy back up to 25 percent of its share capital.
JN Singh, Chief Secretary of Gujarat told CNBC-TV18 the state has signed over 24,000 MoUs worth approximately Rs 30 lakh crore or more. This, he says, has hinted demonetisation has not dampened sentiment as much as was talked of. A chunk of investments is lined up in the ports sector, he said.