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.
