SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Welspun Corp gets tax demand of Rs 178.79 crore

07 May 2018 Evaluate

Welspun Corp has received orders along with demand from the Joint Commissioner (Appeal) - GVAT, Rajkot for the financial years 2009-2010 and 2010-2011 for an amount of Rs 178.79 crore which includes tax amount of Rs 46.78 crore and interest and penalty amount of Rs 132.01 crore.

Based on the past precedents, the company believes that they have a reasonably good case on merits and they would contest these demand notices at the appropriate judicial forums.

Welspun Corp is currently in four businesses viz Line Pipes, Energy, Infrastructure & Steel and enjoys a global leadership position in the first two businesses. It may be recalled that Welspun Corp is already in advanced stages of demerging the parts of its business other than Line Pipes into Welspun Enterprises through a court process.

Welspun Corp Share Price

1073.05 -4.30 (-0.40%)
20-Apr-2026 12:47 View Price Chart
Peers
Company Name CMP
Tata Steel 213.25
JSW Steel 1272.35
SAIL 172.95
Jindal Stainless 791.60
APL Apollo Tubes 2146.30
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:

×