Welspun to split noncore assets into separate company
Jun 07, 2013 | 11:03 AM
| Jagdish Kumar
MUMBAI, India Indias 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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