Welspun to split noncore assets into separate company

Jun 07, 2013 | 11:03 AM | Jagdish Kumar

Tags  Welspun, Welspun Enterprises, B.K. Goenka, India, pipe, spinoff, assets, steel tube

MUMBAI, India — India’s Welspun Corp. plans to split its business in two, with all assets not related to its core steel tube and plate business being spun off into a new company.

The core company, which claims to be the second-biggest pipe producer in the world with an output capacity of 2.43 million tonnes per year, will continue under the Welspun Corp. name. ....

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