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Welspun Corp gains on plans to raise Rs 1,000 crore

13 Jul 2012 Evaluate

Welspun Corp is currently trading at Rs. 117.10, up by 0.45 points or 0.39% from its previous closing of Rs. 116.65 on the BSE.

The scrip opened at Rs. 117.80 and has touched a high and low of Rs. 118.00 and Rs. 116.50 respectively. So far 7075 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 171.50 on 14-Jul-2011 and a 52 week low of Rs. 64.50 on 09-Dec-2011.

Last one week high and low of the scrip stood at Rs. 119.65 and Rs. 113.50 respectively. The current market cap of the company is Rs. 2679.84 crore.

The promoters holding in the company stood at 37.87% while Institutions and Non-Institutions held 31.60% and 20.41% respectively. 

Welspun Corp, second largest pipe company in the world, is planning to raise Rs 1,000 crore through issue of non-convertible debentures, to repay its debt. It is going to use these funds for refinancing of NCD, external commercial borrowings and possible early redemption of foreign currency convertible bonds.

Recently, company has won pipes order worth Rs 1,738 crore from international and domestic markets. Following the addition of these orders, the current order book of the company stands at Rs 9,185 crore without excluding the order being executed in the current quarter.

Welspun Corp Share Price

1075.65 -1.70 (-0.16%)
20-Apr-2026 14:43 View Price Chart
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