Propel Plastic Products Private Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL), has discharged the consideration to the creditors of Sintex-BAPL Limited for an amount aggregating Rs 1,251 crore in the form of upfront cash in terms of the approved resolution plan.
New Delhi, March 30: Propel Plastic Products Private Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL), has discharged the consideration to the creditors of Sintex-BAPL Limited for an amount aggregating Rs 1,251 crore in the form of upfront cash in terms of the approved resolution plan.
Welspun Corp Ltd has entered in to an agreement on March 6, 2023 with a reputed steel trader for liquidation of a part of specified assets lying at Dahej Shipyard of the Company for an consideration of approx Rs. 360+ Crore.
Welspun Corp Limited has been awarded a prestigious contract for export of LSAW Pipes and Bends to the Middle East which will be executed from its facilities in Anjar, India in FY 23-24.