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Welspun Gujarat Crosses Coveted $ 1 Billion Mark
BUSINESS UPDATE Welspun Corp Limited - ‘1 mn Ton’ Pipe Order Book - Significant contribution by International Operations - Well poised to get new prestigious orders Sales up by 12% in FY 12 and 24% in Q4 FY 12 Operating EBITDA sustained despite difficult market conditions Mumbai, May 29 2012: Welspun Corp Ltd. (WCL) the flagship Company of the $3.5 billion Welspun Group today announced its financial results for the FY2012 & 4th Quarter FY 2012. Consolidated Financial Summary of Q4 FY12 and FY 2012 (Figures in Rs. Million) Particulars FY 2012 FY 2011 Change % Q4 FY12 Q4 FY11 Change % Sales 89,766 80,221 12% 26,998 21,744 24% Other Income 2,676 1,139 135% 1,061 410 159% EBITDA 11,246 13,784 -18% 3,673 2,852 29% Interest 3,999 2,240 79% 1,157 755 53% Depreciation 3,515 2,439 44% 918 632 45% PAT 2,385 6,330 -62% 1,186 1,181 0% Cash PAT 6,192 9,700 -36% 2,360 2,218 6% EPS (Rs./Share) 9.71 28.66 -66% 4.53 5.41 -16% Reported EBITDA Margin (%) 12.5% 16.22% 13.60% 13.12% PAT Margin (%) 2.66% 7.89% 4.39% 5.43% Operational Numbers after accounting for exceptional items*: Particulars FY 12 Q4 FY 12 Operational EBITDA 10,467 1,551 PAT 3,685 469 CASH PAT 7,492 1,644 * FY12 operational performance was impacted by foreign exchange provisions of Rs ,1244 million and provisions made towards amicable settlement with a customer of Rs 649 million. -
Large Diamater Welded Pipe India Countervailing Duty Final Determination
C-533-882 Investigation Public Document E&C/VIII: STL DATE: November 5, 2018 MEMORANDUM TO: Gary Taverman Deputy Assistant Secretary for Antidumping and Countervailing Duty Operations, performing the non-exclusive functions and duties of the Assistant Secretary for Enforcement and Compliance FROM: James Maeder Associate Deputy Assistant Secretary for Antidumping and Countervailing Duty Operations performing the duties of Deputy Assistant Secretary for Antidumping and Countervailing Duty Operations SUBJECT: Issues and Decision Memorandum for the Final Affirmative Determination of the Countervailing Duty Investigation of Large Diameter Welded Pipe from India I. SUMMARY The Department of Commerce (Commerce) determines that countervailable subsidies are being provided to producers and exporters of large diameter welded pipe from India, as provided in section 705 of the Tariff Act of 1930, as amended (the Act). Below is the complete list of issues in this investigation for which we received comments from interested parties. Issues Comment 1: Whether Commerce Properly Applied Adverse Facts Available (AFA) in the Preliminary Determination. Comment 2: Whether Commerce Should Continue to Find the AAP, DDP, EPCG, and MEIS Programs Countervailable II. BACKGROUND A. Case History On June 29, 2018, Commerce published its Preliminary Determination for this investigation.1 The selected mandatory respondents in this investigation are Bhushan Steel (Bhushan) and Welspun Trading Limited (Welspun). In the Preliminary Determination, we aligned the final countervailing duty (CVD) determination with the final determination in the companion antidumping duty (AD) investigation, in accordance with section 705(a)(1) of the Act and 19 CFR 351.210(b)(4). As noted in the Preliminary Determination, Bhushan and Welspun did not respond to Commerce’s initial questionnaire. -
Welspun Corp.Xlsx
April 15, 2019 Pick of the Week Welspun Corp Limited Analyst: Jatin Damania (Email: [email protected]; Contact: +91 22 6218 6440) CMP (Rs) Target Price (Rs) Potential Upside (%) 52 Week H/L (Rs) Mkt Cap (Rs mn) 136.20161 18.21% 187 / 87 36124 Key Highlights: Welspun Corp (WCL) is a leading global manufacturer of large diameter pipes with an installed capacity of 2.4 Mn tonnes. Given its presence in USA, Saudi Arabia and India, we believe that, the company is better placed compared to its peers in terms of tapping the global market opportunity of over US$400 bn. The company has entered into agreement to divest its Plate and Coil Mill Division (PCMD) and its 43 MW Power Division at a consideration of Rs9.4bn. The transaction is likely to complete by end of Dec’19. Post the completion of the transaction, balance sheet will strengthen and it will improve profitability & RoCE, as PCMD contribution to EBITDA was nil. The Company has received additional pipe orders of 180 KT, of these 136 KT will be serviced from India, with a major portion to be executed from the new facility in Madhya Pradesh and balance mainly from Americas. After considering the above additions and the execution, the WCL order book at the start of financial year stands at 1.66 M, valued at Rs141 bn to be executed over the next 15-18 months, thereby providing strong revenue visibility. We expect WCL to register growth of ~11% CAGR in revenue during the FY18-FY21E period. The overseas order book not only provides good revenue visibility, but also comes with the stronger margin compared to the domestic market, as number of qualified bidders are less. -
Front Cover Page
SCHEME INFORMATION DOCUMENT Motilal Oswal Nifty Smallcap 250 Index Fund (MOFSMALLCAP) (An open ended scheme replicating / tracking Nifty Smallcap 250 Index) This product is suitable for investors who are seeking* Return that corresponds to the performance of Nifty Smallcap 250 Index subject to tracking error Equity and equity related securities covered by Nifty Smallcap 250 Index Long term capital growth *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Scheme re- Continuous Offer of Units at NAV based prices Name of Mutual Fund Motilal Oswal Mutual Fund Name of Asset Management Motilal Oswal Asset Management Company Limited (MOAMC) Company (AMC) Name of Trustee Company Motilal Oswal Trustee Company Limited Address Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opp. Parel ST Depot, Prabhadevi, Mumbai-400025 Website www.motilaloswalmf.com The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document (SID). The SID sets forth concisely the information about the Scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this SID after the date of this Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers. -
WELSPUN CORP WCI/SE~F2o19 May 15, 2019 To, BSE Ltd. National
WELSPUN CORP PIPES AND PLATES WCI/SE~f2O19 May 15, 2019 To, BSE Ltd. National Stock Exchange of India Ltd. (Scrip Code-532144) (Symbol: WELCORP, Series EQ) Department of Listing, Exchange Plaza, Bandra-Kurla Complex, P. J. Towers, Dalal Street, Mumbai — 400 001. Bandra (E), Mumbai — 400 051. Dear Sirs/ Madam, Sub: Outcome of the meeting of the Board of Directors of Weispun Corp Limited (the Company) commenced on May 14, 2019 and concluded on May 15, 2019. Please take note that the Board of Directors of the Company at its meeting commenced on May 14, 2019 and concluded on May 15, 2019 has considered and approved the following businesses: (A) Audited Financial statements for the year ended March 31, 2019. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith standalone as well as consolidated Audited Financial Results for the year ended March 31, 2019 (“AFR”) along-with the ururtodified audit report as reviewed by the Audit Coniniittee and approved by the Board of Directors. A declaration pursuant to Regulation 33 (3)(d) of SEBI (LODR), 2015 is also enclosed herewith. (B) Recommendation of Dividend. The Board of Directors of the Company have recommended a dividend at the rate of 10% (i.e. Re. 0.50/- per share) on 265,226,109 Equity Shares of Rs.5/- each fully paid up, i.e. Rs. 132,613,054.50/-. The record date for determining the eligible shareholders for payment of dividend shall be intimated later. (C) Approval of Buy-Back. 1. Approved buyback proposal for purchase by the Company of its own fully paid equity shares of Rs. -
Press Release Welspun India Limited
Press Release Welspun India Limited October 07, 2019 Ratings Amount Facilities Ratings1 Remarks (Rs. crore) 2523.77 (reduced from Rs. 2901.65 CARE AA; Stable Reaffirmed Long term Bank Facilities crore) (Double A; Outlook: Stable) 404.17 CARE A1+ Reaffirmed Short term Bank Facilities (reduced from Rs. 446.65 crore) (A One Plus) 2927.94 (Rs. Two Thousand Three Total Facilities nine Hundred twenty seven crore and ninety four lakh only) CARE A1+ Reaffirmed Commercial Paper* 300.00 (A One Plus) *Standalone Detailed Rationale & Key Rating Drivers The reaffirmation in the ratings assigned to the long term facilities and Commercial Paper issue of Welspun India Limited (WIL) takes into account resourceful promoters (i.e. Welspun group), extensive experience of the management, WIL’s leading position in home textiles segment with global reach, strong relationship with leading global retailers, well-diversified product portfolio, strong brand image, integrated operations, comfortable capital structure and healthy debt coverage indicators. The ratings also taken into account the partial commencement of operations of its subsidiary Welspun Flooring Limited. The ratings are, however, constrained by declining trend in PBILDT margins, anticipated outflow towards settlement of Rs.191 crores. WIL’s exposure to inherent industry risks, such as volatility in raw material prices and fluctuations in foreign currency. WIL’s ability to improve its PBILDT margins, settlement of liability towards on-going US litigation remains key rating sensitivity. Moreover, addition of any large debt funded project impacting financial risk profile is also a rating sensitivity. Detailed description of the key rating drivers Key Rating Strengths Resourceful promoters: WIL is a prominent company of the Welspun group, a USD 2.3 billion diversified conglomerate with established track record in fields such as line pipes, steel and textiles. -
Annual Report FY 2011-12
Excellence in Engineering…. It is an art; it is a science It requires skill; it requires vision It needs flair; it needs innovation It involves execution …. …. With perfection We are WELSPUN FINANCIAL HIGHLIGHTS (Consolidated) Total Income (Rs. Mn) PAT (Rs. Mn) 92,442 8,000 105,000 6,104 6,330 73,822 81,360 6,000 57,582 40,052 3,408 55,000 4,000 2,135 2,385 2,000 5,000 - 2007-08 2008-09 2009-10 2010-11 2011-12 2007-08 2008-09 2009-10 2010-11 2011-12 Exports/Overseas Revenue (Rs. Mn) Basic EPS (Rs. / Share) 65,000 52,603 52,860 46,139 41.0 41,515 31.7 45,000 30.9 32,750 31.0 20.9 21.0 25,000 11.5 10.9 11.0 5,000 1.0 2007-08 2008-09 2009-10 2010-11 2011-12 2007-08 2008-09 2009-10 2010-11 2011-12 Reported EBITDA (Rs. Mn)@@ Networth (Rs. Mn) @ 49,139* 13,372 ## 14,500 13,784 ### 50,000 11,247 12,500 40,000 33,735 10,500 29,011 # 8,500 6,662 6,535 30,000 6,500 20,000 15,672 15,597 4,500 10,000 2,500 500 1,000 2007-08 2008-09 2009-10 2010-11 2011-12 2007-08 2008-09 2009-10 2010-11 2011-12 EBITDA Margin (%) Fixed Assets (Gross Block- Rs. Mn) 18.1% 20.0% 16.6% 16.9% 100,000 86,957* 12.2% 58,339* 15.0% 11.3% 75,000 10.0% 50,000 40,682 44,248 29,213 5.0% 25,000 0.0% - 2007-08 2008-09 2009-10 2010-11 2011-12 2007-08 2008-09 2009-10 2010-11 2011-12 @@: For FY11 and FY12, Other Income, a part of Reported EBITDA includes Interest Income for the respective years. -
DEPARTMENT of COMMERCE International
This document is scheduled to be published in the Federal Register on 12/19/2011 and available online at http://federalregister.gov/a/2011-32445, and on FDsys.gov (BILLING CODE: 3510-DS-P) DEPARTMENT OF COMMERCE International Trade Administration A-533-502 Certain Welded Carbon Steel Standard Pipes and Tubes from India: Rescission of Antidumping Duty Administrative Review AGENCY: Import Administration, International Trade Administration, Department of Commerce SUMMARY: In response to a request from an interested party, the Department of Commerce (the Department) initiated an administrative review of the antidumping duty order on certain welded carbon steel standard pipes and tubes from India. The period of review is May 1, 2010, through April 30, 2011. As a result of the withdrawal of the request for review, the Department is rescinding this review. EFFECTIVE DATE: (Insert date of publication in the Federal Register). FOR FURTHER INFORMATION CONTACT: Catherine Cartsos or Minoo Hatten, AD/CVD Operations, Office 5, Import Administration, International Trade Administration, U.S. Department of Commerce, 14th Street and Constitution Avenue, NW, Washington, DC 20230; telephone: (202) 482-1757 or (202) 482-1690, respectively. SUPPLEMENTARY INFORMATION: Background On June 28, 2011, and in accordance with 19 CFR 351.213(g) and 19 CFR 351.221(b)(1), the Department published a notice of initiation of an administrative review of the antidumping duty order on certain welded carbon steel standard pipes and tubes from India. See Initiation of Antidumping and Countervailing Duty Administrative Reviews and Request for Revocation in Part, 76 FR 37781 (June 28, 2011) (Notice of Initiation). Based on a request for review from United States Steel Corporation, we initiated reviews of Arihant Domestic Appliances Ltd., Good Luck Steel Tubes Ltd. -
Investor Presentation
(/(&7521,&),/,1* -7/&+'6( 0D\ &RUSRUDWH5HODWLRQVKLS6HUYLFHV &RUSRUDWH5HODWLRQVKLS6HUYLFHV %6(/LPLWHG 0HWURSROLWDQ6WRFN([FKDQJHRI,QGLD/LPLWHG 7+)ORRU3-7RZHUV WK)ORRU9LEJ\RUWRZHU2SSRVLWH7ULGHQW 'DODO6WUHHW +RWHO%DQGUD.XUOD&RPSOH[ 0XPEDL 0XPEDL %6(6FULS&RGH 06(,6\PERO-7/,1)5$ 'HDU6LU0DGDP 3OHDVHILQGHQFORVHGKHUHZLWK,QYHVWRU3UHVHQWDWLRQIRU4 )< :HUHTXHVW\RXWRNLQGO\GLVVHPLQDWHWKHDERYHLQIRUPDWLRQWRWKHVKDUHKROGHUV 7KDQNLQJ<RX <RXUVWUXO\ )RU-7/,QIUD/LPLWHG Digitally signed by MOHINDER MOHINDER SINGH Date: 2021.05.06 SINGH 10:59:48 +05'30' 0RKLQGHU6LQJK &RPSDQ\6HFUHWDU\ $ JTL INFRA Limited May 2021 JTL Infra Limited Table of Contents Company Overview Industry Overview Business Overview Financial Highlights Way Ahead JTL Infra Limited 2 Safe Harbour This presentation has been prepared by JTL Infra Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be plakhed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. -
Welspun Corp Ltd ______Issue of Commercial Paper (Cp)
WELSPUN CORP LTD __________________________________________________________________________________ ISSUE OF COMMERCIAL PAPER (CP): LETTER OF OFFER PART I • Proposed Date Of Issue : 07.09.2020 • Credit Rating For CP : CARE A1+ • Date of Rating : 20TH AUGUST 2020 • Validity for issuance : 90 Days • Validity period for rating : 60 Days • For Amount : 500 crore • Conditions (If Any) : NA • Purpose Of Issue of CP : Working Capital • Credit Support (If Any) : NIL • Description of Instrument : Commercial Paper • Amount : Rs.20 Crore • Issued By : Welspun Corp Ltd • Net Worth of the Guarantor Company : NA Names of Companies To Which Guarantor Has : NA Issued Similar Guarantee Extent of The Guarantee Offered By The : NA Guarantor Company Conditions Under Which The Guarantee Will Be : NA Invoked • Details of Current Tranche: : NA ISIN AMOUNT MATURITY CURRENT VALIDITY CRA DATE CREDIT PERIOD OF RATING RATING INE191B14408 200,000,000/- 04/12/2020 A1+ 12 Months CARE _________________________________________________________________________________________________________________ Corporate Office : Welspun House, 5th Floor, Kamala City, Senapati Bapat Marg, Lower parel (West), Mumbai - 400013| CIN : L27100GJ1995PLC025609 Telephone No : +91-22-66136000; Fax No :+91-22-24908020 Registered Office : Welspun City, Tal. Anjar, District Kutch, Gujrat 370110, INDIA WELSPUN CORP LTD __________________________________________________________________________________ : • Issuing and Paying Agent : INDUSIND BANK LTD, 1st Floor, IndusInd House 425, Dadasaheb Bhadkamkar -
Conference Agenda
PROGRAM AT A GLANCE Day - 1 | Friday 26th Apr 8:30 16:30 Onsite registration 9:00 9:10 ASME PSD Introduction 9:10 9:20 Conference Inauguration & Opening Address 9:20 9:35 Address by Chief Guest 9:35 10:05 Keynote Address 10:05 10:30 Expo Inauguration & Tea Break Track 1 Materials, Design and Construction Vanguard Chair: S Jayachandran 10:30 12:50 Technical Papers 12:50 13:50 Lunch Track 2 Quality Governance in Pipelines Vanguard Chair: A K Tewari 13:50 15:30 Technical Papers 15:30 16:00 Tea Break & Expo Visit Panel Discussion II Session Moderator: K B Singh 16:00 17:30 Competency & Efficiency 17:30 18:00 Sponsored Presentation End of Technical Sessions Day -1 18:30 Hrs Onwards: Conference Gala Dinner Day 2 | Saturday 27th Apr 8:30 15:00 Onsite registration Track 3 Integrity Management Vanguard Chair: Narendra Kumar 8:40 10:40 Technical Papers - Session 1 10:40 11:10 Tea Break/ Expo Visit & Networking 11:10 12:30 Technical Papers - Session 2 12:30 13:30 Lunch Track 4 City Gas Distribution Vanguard Chair: E S Ranganathan 13:30 15:10 Technical Papers 15:10 15:40 Tea Break/ Expo Visit & Networking Panel Discussion II Session Moderator: Ashish Khera 15:40 17:00 Challenges & New Practices in Managing Ageing Pipeline Assets End of Technical Sessions Day -2 17:00 17:10 Closing Address 17:10 17:30 Vote of Thanks DETAILS OF IOGPC 2019 PAPERS Paper Number Title Author Organisation Track 1 Materials, Design and Construction Vanguard Chair: S Jayachandran IOGPC2019-4506 Manufacturing Of Extremely Low D/t LSAW Jigar Patel Welspun Corp Ltd Welded Pipe -
WELSPUN GROUP MASTER TRUST Address: 7Th Floor, Welspun House, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai-400 013
WELSPUN GROUP MASTER TRUST Address: 7th Floor, Welspun House, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai-400 013. Mail Id- [email protected] To, May 22, 2020 Bombay Stock Exchange Ltd. National Stock Exchange of Welspun Investments (Scrip Code-533252) India Ltd. and Commercials Department of Listing, (Symbol: WELINV) Limited P. J. Towers, Dalal Street, Exchange Plaza, Welspun City, Mumbai – 400 001. Bandra-Kurla Complex, Village Versamedi, Bandra (E), Mumbai – 400 051. Taluka Anjar, District Kutch Gujarat-370 110 Dear Sirs, Sub: Disclosure pursuant to Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Please find enclosed herewith disclosure under regulation 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in the prescribed format, in respect of shareholding of the Promoter and Promoter Group of Welspun Investments and Commercials Limited (“WICL”), the Target Company, as on 31st March, 2020. Kindly take the same on records and oblige. Thanking You, Yours faithfully, For Welspun Group Master Trust (for and on behalf of the Promoter and Promoter Group) Encl: As above ANNEXURE – 1 Disclosures under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Part-A-Details of shareholding 1. Name of the Target Company (TC) Welspun Investments and Commercials Limited (“WICL”) 2. Name(s) of the stock exchange(s) The BSE where the shares of the TC are The National Stock Exchange of India Limited listed 3. Particulars of the shareholder(s) : a. Name of person(s) together with Persons Acting in Concert (PAC) N.A.