The board of directors of Welspun Corp. Limited at its meeting held on May 20, 2024, With reference to announcement submitted to the Stock Exchange on November 08, 2023, the Board had approved expansion of its DI Pipes capacity by 100 KMTPA in Anjar, with an investment of INR 3,000 million. Now, on the back of the strong demand outlook and significant demand supply mismatch in smaller diameter segment, the Board in today's meeting has approved to expand its DI Pipes capacity from the above 100 KMTPA to 200 KMTPA.

The company has optimised overall cost and equipments to achieve this capacity addition of 200 KMTPA within the investment limit of the above INR 3,000 million only. This will take existing capacity from 400 KMTPA to 600 KMTPA within Fiscal Year 25.