SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Welspun Group to sell steelmaking unit to JSW Steel: Report

26 Jun 2014 Evaluate

Welspun Group is reportedly set to sell its Maharashtra-based steelmaking unit to Sajjan Jindal’s JSW Steel at a loss of equity worth Rs 300 crore. JSW will take over the Rs 1,100 crore of debt of the company and free all the guarantees given by the Welspun group to banks.

Welspun had acquired the company -- Vikram Ispat -- from the Aditya Birla Group in 2009 for Rs 1,050 crore and renamed it Welspun Maxsteel. It later expanded the capacity of the plant but could not turn it around due to lack of gas supply from ONGC’s gas blocks in Bombay High. Cheap gas was promised to companies during the 1980s to promote industrial units in western India.

Welspun India (WIL) a Welspun Group company is one of the largest manufacturers and exporters of bed & bath textile products globally. WIL’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.

Welspun Living Share Price

125.45 1.60 (1.29%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×