At meeting held on 28 June 2021
The Board of Welspun Corp at its meeting held on 28 June 2021 has decided that the company will continue to evaluate suitable opportunities, for both organic and inorganic expansions which have synergies with its business. As such, the Company has a judicious capital allocation policy and any proposal has to first meet the internal thresholds for ROI and Profitability before being presented to the Board. Some of the new business areas that are being evaluated are: Marine Fabrication, Industrial Fabrication, Seamless Pipes (Carbon Steel), Renewable Energy etc. Accordingly, the company's objects clause is proposed to be amended.Powered by Capital Market - Live News
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