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Mumbai:
Welspun Gujarat Stahl Rohren Limited, part of the Rs2000-crore
Welspun Group, has received the ''all India award for highest
exporters and top exporters'' for outstanding export performance
during 2001-02 and 2002-03 respectively by the Engineering
Export Promotion Council (EEPC) of India.
During
FY 2001-02, the Company had exported pipes worth over
Rs135 crore ($30 million) amounting to about 47 per cent
of its turnover. In the FY 2002-03, it had exports of
Rs288 crore ($ 64 million), which contributed to about
72 per cent of turnover. Welspun Gujarat exports to US,
Libya, Middle East, China, Columbia, among others. The
company recorded a turnover of Rs890 crore. with a net
profit of Rs72 crore during FY 2003-04.
According
toVijay Phatarphekar, chief marketing officer, said, "the
Company is already approved by all the major oil and gas
majors across the world like Shell, Gazprom, El Paso,
Total, etc. These approvals will ensure that Welspun shall
be a part of all the global pipe tenders."
It has a Rs285-crore expansion project at Anjar, Gujarat
for LSAW, Spiral and ERW pipes and on its completion it
will rank amongst
the largest pipe manufacturers globally with one stop
Pipe-manufacturing capability for entire range of welded
pipes.
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