Welspun Specialty Solutions Ltd

Welspun Specialty Solutions Ltd (500365)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-0.6 %
3 Month Return8.44 %
1 Year Return11.33 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 266
Rank 266
Rank 302
Dividend Yield
Rank 134
Rank 362
Price To Book Ratio
Rank 238
Debt To Asset
Rank 297

Company Information

Incorporated as Remi Metals Remi Metals Gujarat acquired its present name RMGL on 23 Jan.93. The company has been promoted by V C Saraf and R C Saraf along with the Remi group and the Doshi group of Kenya together with the Gujarat Industrial Investment Corporation and Essar Gujarat. Other group concerns are Rajendra Mechanical Industries Rajendra Electrical Industries Remi Process Plant and Machinery etc. The company came out with a Rs 38cr public issue in Feb.94 to partfinance its proposed project at a project cost of Rs 220 cr. RMGL is in the field of steel. Its products include seamless pipes steel etc. The major clients of RMGL are ONGC Oil India the bearings industry etc. Its plant is located in Bharuch Gujarat. RMGL is establishing a seamless pipes/tubes plant to manufacture 70000 tpa of carbonalloy steel seamless pipes/tubes in technical collaboration with Intertech Internationale Techniscle Assistenz Germany. The company has also set up inhouse steel manufacturing and rolling capacity of 100000 tpa. The steelmaking capacity has been increased from 25 tonnes to 35 tonnes per charge. Seamless pipes with total backward integration of the steelmaking facility and rolling mill commenced trial production and commenced its commercial production in Oct97.The company has been declared sick by BIFR and IDBI has been appointed as Operating Agency.
OrganisationWelspun Specialty Solutions Ltd