MoneyWorks4Me

Welspun Corp informs about disclosure

16 Dec 2023 Evaluate

Further to the announcement on 25th September, 2023, Welspun Corp has informed that its wholly owned subsidiary Sintex BAPL has finalised an investment of upto ~Rs 807 crore to set up manufacturing unit in the state of Telangana through a wholly owned step-down subsidiary, Sintex Advance Plastics (SAPL), which will be spread over the next three financial years starting from FY25. The project will be funded through a combination of debt and equity.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
JSW Steel 1215.70
Tata Steel 175.60
Steel Authority 171.25
Jindal Stainless 736.25
APL Apollo Tubes 2137.60
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