04
Apr
19:29
Welspun divests plate and coil division
Welspun Corp has sold its Plate and Coil Mill Division, as well as its 43MW Power Division for INR 940 crores ($136.3 million) in order to focus on its core assets and keep operations “asset-light,” the firm says.
The Indian pipemaker executed on 31 March a business transfer agreement with Laptev Finance for the sale of the Plate and Coil Mill Division at INR 873.5 crores. This division reported a turnover of INR 1,230 crores, comprising 16.9% of Wel…
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Very good overview of the weekly steel market.
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