Welspun Enterprises

Welspun Enterprises Limited (WEL) part of the Welspun Group is an operating Company as well as a holding company The year of 2014-15 was a year of consolidation for the company During the year the company divested its DRI business Welspun Maxsteel Ltd. The company had identified this business as noncore and therefore exited the same As part of further consolidation pursuant to Scheme of Arrangement and Amalgamation made effective from May 11 2015 the erstwhile Welspun Enterprises Limited Welspun Infratech Limited Welspun Plastics Private Limited and Welspun Infra Projects Private Limited were merged into the Company This consolidation will enable the Company to better leverage the combined strengths of the entities synergies arising out of consolidation of business such as enhancement of net worth of the combined business to capitalise on future growth potential optimal utilisation of resources reducing operating and compliance cost and achieving operational and management efficiency It will aid the Company to target opportunities which need large free cash and strong balance sheet The merger has helped to consolidate and simplify corporate structure of WEL and its subsidiaries.