Welspun India Limited Information

Welspun Enterprises Limited (WEL), part of the Welspun Group, is an operating Company as well as a holding company. The year of 2014-15 was a year of consolidation for the company. During the year, the company divested its DRI business; Welspun Maxsteel Ltd. The company had identified this business as non-core and therefore exited the same. As part of further consolidation, pursuant to Scheme of Arrangement and Amalgamation made effective from May 11, 2015, the erstwhile Welspun Enterprises Limited, Welspun Infratech Limited, Welspun Plastics Private Limited and Welspun Infra Projects Private Limited were merged into the Company. This consolidation will enable the Company to better leverage the combined strengths of the entities, synergies arising out of consolidation of business such as, enhancement of net worth of the combined business to capitalise on future growth potential, optimal utilisation of resources, reducing operating and compliance cost and achieving operational and management efficiency. It will aid the Company to target opportunities which need large free cash and strong balance sheet. he merger has helped to consolidate and simplify corporate structure of WEL and its subsidiaries. The Company's key activity is in the infrastructure business. Apart from that, the company holds equity investments in Welspun Energy Private Limited (renewable energy) and Welspun Natural Resources Private Limited (Oil and gas exploration). In infrastructure, WEL has developed and operates PPP projects in various sectors like roads, water, and urban infrastructure. In the highway sector alone, the Company has successfully completed six BOT (Toll) Road projects with a total length of over 500 km. Welspun Natural Resources Private Limited (WNRPL): represents Welspun Group's interests in the oil and gas exploration business. The Company owns 35% stake in Adani Welspun Exploration Limited, a joint venture with the Adani group. WNRPL has interest in various oil & gas exploration blocks in India and abroad, either directly or through its subsidiaries or JVs. Welspun Energy Private Limited: is one of the leading renewable energy companies in India, with presence in the solar and wind energy sectors. It has one of the largest operational capacities in solar energy in the country of close to 400 MW. It also has operational wind capacity of 50 MW.