Welspun Gujarat Stahl Rohren Limited share price today (on 22 March 2023).

Welspun Gujarat Stahl Rohren Limited (WGSRL) is part of the $ 1.5 billion Welspun Group and a manufacturing hub for state-of-the-art pipe and related niche products. The Company started its activities in 26th April of the year 1995 and since then has supplied pipes for some of the most prestigious projects including the World's deepest pipeline project in the Gulf of Mexico, U.S.A. Welspun's state- of-the- art plants are located in Dahej and Anjar in Gujarat. The Company has recently set up a $ 100 million manufacturing facility in Little Rock, Arkansas, USA. The manufacturing facilities incorporate the hybrid JCO technology from Mannesmann Demag of Germany (SMS Meer).
WGSRL has been the leader in quality, innovation and technology and enjoys distinction of supplying highest recognized X 80 grade and 56' outer diameter line pipes in the country. The first HSAW mill of the company was commissioned at Dahej with capacity of 30,000 MTPA in the year 1997. After two years, in 1999, WGSRL had commissioned state of the art LSAW Mill at Dahej with the capacity 350,000 MTPA. During the year 2000, the company had started its coating Plant at Dahej, Joint Venture with Eupec, the 2nd largest coating company in the World. WGSRL became the first company from India to supply Pipes for the Offshore Projects in US during the year 2002. The Company had bagged an international order worth Rs. 62 cr in the year 2002 for three layers PE and internal epoxy lining coated spiral pipes. During the year 2003, WGSRL had received the prestigious order from Petroiran Development Company, from Iran worth US 2 million. Welspun Gujarat forayed into weld pipes business in the year 2004 and also in the same year, the company had bagged Rs. 4070 million Saw Pipes order in Libya.
Welspun Gujarat made tie-up with Eupec Group in the identical year of 2004. The company commissioned ERW mill in the year 2005 at the new location Anjar with the capacity of 250,000 MTPA. During the year 2006, two new HSAW Plants of 350,000 MTPA came to existence, such as Bending Facility and Additional Coating Plants. In the year 2007, the company's 43 MW captive power plant at Anjar, was made its commercial operation. During the same year 2007, the company had received prestigious pipeline orders worthRs. 1166 crores (USD 288 million) for the supply of line pipes overseas. During December of the identical year 2007, Welspun had acquired 76% interest in bath rug major Sorema, Tapates e Cortinas de Banho, SA (Sorema) of Portugal at an enterprise value of Rs. 600 Million. WGSRL had bagged prestigious pipeline orders worth Rs. 1095 Crores in March of the year 2008 for the supply of Spiral Pipes in Northern Africa. The Company's 1.5 million tonne state-of-art Plate mill commenced its production in April of the year 2008.
Part of the backward integration project of Welspun, the mill has the capacity to produce plates up to 4.5 meters wide and is all set to make a mark in the Company's operational capabilities. WGSRL is prepared to meet the growing demand and is in a position to meet the stringent requirements and standards of high-grade line pipes. It plans to increase the capacity of its pipe plant by 75% to 1.75 million tons to meet growing demand for oil pipelines.

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