Welspun Corp has received the possession of moveable properties (partially built obsolete ships, metal and scrap) from the Liquidator of ABG Shipyard (Liquidator). Further, the Company’s wholly owned subsidiary i.e. Nauyaan Shipyard (Nauyaan) has received the possession of immovable property at Dahej, Gujarat from the Liquidator.
As regards the leasehold lands at Dahej, Gujarat, the Liquidator (along with Nauyaan) are in the process of taking necessary steps with Gujarat Industrial Development Corporation and Gujarat Maritime Board for completion of substitution/ transfer formalities.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
