Welspun Specialty Solutions Limited reported a 3.90% increase in revenue to ₹72,372.00 lakhs for FY2025, but saw a decline in profitability with a net loss of ₹409.00 lakhs. The company successfully completed a rights issue, raising ₹34,986.00 lakhs and significantly reducing debt. Q4 FY2025 saw a 32.30% revenue increase but a 91.10% decrease in net profit compared to Q4 FY2024. The rights issue strengthened the company's balance sheet, increasing total equity to ₹43,437.00 lakhs and eliminating current borrowings.
17Mar 25
Welspun Specialty Bags ₹231.78 Crore Order from BHEL for Stainless Steel Boiler Tubes
Welspun Specialty Solutions Limited (WSSL) has received a significant order worth ₹231.78 crore from Bharat Heavy Electricals Limited (BHEL) for supplying stainless steel seamless boiler tubes. This order marks a major milestone for WSSL in the power sector equipment manufacturing industry and could potentially boost its revenue and market position. The deal with BHEL, a leading power generation equipment manufacturer in India, may open doors for future collaborations and contracts in this sector.
15Mar 25
Welspun Specialty Secures Rs 231.78 Crore Order from BHEL for Boiler Tubes
Welspun Specialty Solutions Limited (WSSL) has been awarded a contract worth Rs 231.78 crore by Bharat Heavy Electricals Limited (BHEL) for supplying approximately 4,050 tons of stainless steel seamless boiler tubes. The order is for Super critical Thermal Power Projects, with an execution timeline of 13 months, expected to be completed by April 2026. WSSL was initially notified as the L1 bidder on March 4, 2025, before receiving the formal Purchase Contract. The company has disclosed this information in compliance with SEBI regulations, confirming it's not a related party transaction.
05Mar 25
Welspun Specialty Solutions Secures ₹232 Crore Contract from BHEL for Boiler Tubes
Welspun Specialty Solutions Limited (WSSL) has been named the L1 bidder for a major contract from Bharat Heavy Electricals Limited (BHEL). The contract involves supplying 4,050 tons of stainless steel seamless boiler tubes to BHEL's Trichy unit, valued at ₹231.77 crore (excluding GST). The supply is intended for Super critical Thermal Power Projects, showcasing WSSL's technical capabilities. While WSSL has been notified as the L1 bidder, the formal contract is pending BHEL's internal approval processes.
04Mar 25
Welspun Specialty Solutions Clinches ₹232 Crore Contract from BHEL for Boiler Tubes
Welspun Specialty Solutions Limited (WSSL) has been declared the lowest bidder (L1) by Bharat Heavy Electricals Limited (BHEL) for supplying approximately 4,050 tons of stainless steel seamless boiler tubes. The contract, valued at ₹231.77 crore excluding GST, is for supercritical thermal power projects. While the formal contract is pending BHEL's internal approval, this development marks a significant milestone for WSSL in the power sector equipment market, demonstrating its competitive edge and technical capabilities.
26Feb 25
Welspun Specialty Solutions Announces ₹350 Crore Rights Issue
Welspun Specialty Solutions Ltd has approved a rights issue to raise up to ₹350 crore. The company will issue 13,25,22,289 rights equity shares at ₹26.4 per share. The record date is set for March 1, 2025, with the issue opening on March 10, 2025, and closing on March 19, 2025. The entitlement ratio is 1:4, allowing existing shareholders to purchase one additional share for every four shares held. If fully subscribed, the capital raised could be used for debt reduction, expansion plans, and strengthening the company's working capital position.
Welspun Specialty Solutions Limited has approved a rights issue to raise up to ₹349.86 crore. The issue offers 13,25,22,289 equity shares at ₹26.40 per share, with a rights entitlement ratio of 1:4. The issue opens on March 10, 2025, and closes on March 19, 2025, with a record date of March 1, 2025. The company's share capital is expected to increase from 53,00,89,156 to 66,26,11,445 shares post-issue, assuming full subscription.
Welspun Specialty Solutions Limited has approved a rights issue to raise up to ₹349.86 crore. The company will issue 13,25,22,289 equity shares at ₹26.40 per share, with a 1:4 entitlement ratio. The record date is set for March 1, 2025, with the issue opening on March 10, 2025 and closing on March 19, 2025. If fully subscribed, the company's outstanding equity shares will increase from 53,00,89,156 to 66,26,11,445.