SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Welspun Corp sells two divisions for Rs 940 crore

01 Apr 2019 Evaluate

Welspun Corp has sold Plate and Coil Mill Division (PCMD) and 43 MW Power Division for around Rs 940 crore. The sale consideration for PCMD is Rs 848.5 crore, and closing adjustments pertaining to Net Current Assets as of Closing Date (expected to be around Rs 25 crore), taking the total expected consideration to Rs 873.5 crores. The 43 MW Power Division is being sold at Rs 66.9 crore.

PCMD and 43 MW Power Division have been identified as noncore assets and the Company has entered into agreements to divest these. The Company periodically reviews its business strategy and as a part of that, has decided to focus on its core assets and look at strategic options for non-core assets, so as to keep its operations asset-light.

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

1091.75 14.40 (1.34%)
20-Apr-2026 10:27 View Price Chart
Peers
Company Name CMP
Tata Steel 211.40
JSW Steel 1253.10
SAIL 172.70
Jindal Stainless 786.20
APL Apollo Tubes 2117.90
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:

×