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Welspun Corp provides business update

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Capital Market
Last Updated : Feb 09 2016 | 12:02 AM IST

Following Government notification on Minimum Import Prices on steel products

Welspun Corp announced that "the Minimum Import Price (MIP) recently notified by the Directorate General of Foreign Trade, Government of India on certain iron and steel products which will be valid up to 6 months from the date of notification or until further orders, whichever is earlier, will have beneficial effects on our India business due our backward integration into manufacturing of plates and coils besides our presence across large parts of pipe business' value chain."

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First Published: Feb 08 2016 | 10:31 AM IST

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