Welspun Corp Limited has successfully completed the incorporation of its treasury operations subsidiary in Gujarat International Finance Tec-City (GIFT City). The company received confirmation on December 10, 2025, that Welspun Global IFSC Limited (WGIFSC) has been officially incorporated, marking the completion of a strategic initiative first announced in November 2025.

Incorporation Details

The Ministry of Corporate Affairs, Government of India, issued the Certificate of Incorporation for WGIFSC on December 10, 2025. The subsidiary has been established with specific financial parameters designed to support its treasury operations mandate.

Ownership Structure and Strategic Purpose

Welspun Global IFSC Limited operates as a step-down wholly owned subsidiary of Welspun Corp through its Mauritius entity. Welspun Mauritius Holdings Limited (WMHL), which is 100% owned by Welspun Corp through Welspun Pipes Inc., holds the complete shareholding in the newly incorporated entity.

The subsidiary will undertake global and regional corporate treasury center activities within the International Financial Services Centre (IFSC) framework. This strategic positioning allows Welspun Corp to optimize its financial operations and enhance treasury management capabilities across its international operations.

Regulatory Compliance Framework

The incorporation follows comprehensive regulatory guidelines established by SEBI. Welspun Corp has provided detailed disclosures under SEBI Listing Regulations, including compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Previous Manufacturing Expansion

This treasury subsidiary establishment complements Welspun Corp's recent operational developments. In November 2025, the company commenced commercial production from its expanded Ductile Iron (DI) pipes capacity, increasing production capability from 400 KMTPA to 600 KMTPA.

The successful incorporation of Welspun Global IFSC Limited represents a significant milestone in Welspun Corp's financial strategy, providing the company with enhanced capabilities for managing its global treasury operations through India's premier international financial services center.

Welspun Corp Limited , a prominent player in the Indian manufacturing sector, has announced a significant expansion in its production capabilities. The company has commenced operations at its new manufacturing facility, adding 200 KMTPA (thousand metric tonnes per annum) to its ductile iron pipes production capacity.

Expansion Details

The new facility, which began operations on November 6, 2025, marks a substantial increase in Welspun Corp's production capabilities:

This expansion aligns with the company's previously announced plans to increase its ductile iron pipes capacity from 400 KMTPA to 600 KMTPA.

Strategic Implications

The commencement of operations at this expanded facility represents a significant step for Welspun Corp in strengthening its position in the ductile iron pipes market. This move is expected to enhance the company's ability to meet growing demand and potentially increase its market share in the infrastructure and construction sectors.

Corporate Developments

In addition to the capacity expansion, Welspun Corp has also made progress in its corporate structure. The company's wholly-owned subsidiary, Welspun Mauritius Holdings Limited (WMHL), has approved the incorporation of a new step-down wholly-owned subsidiary in Gujarat International Finance Tec-City, India. This new entity, tentatively named 'Welspun Global IFSC Limited', is set to focus on global and regional corporate treasury center activities within the International Financial Services Centre (IFSC) framework.

Welspun Corp continues to demonstrate its commitment to growth and strategic expansion, both in its manufacturing capabilities and corporate structure. These developments may position the company for enhanced operational efficiency and financial management in the coming years.