Welspun Corp Limited has announced the incorporation of its new associate company, ‘Welspun Slagexcel Private Limited’ (WSPL), effective August 31, 2026. WSPL will focus on manufacturing Ground Granulated Blast Furnace Slag (GGBS) using a slag granulation process. Welspun Corp holds a 26% stake in WSPL, which began with an initial paid-up share capital of Rs. 1,00,000. This move marks an expansion into new material manufacturing for the company.
Welspun Corp Establishes New Associate for GGBS Production
Welspun Corp Limited has officially announced the incorporation of a new associate company, named Welspun Slagexcel Private Limited (WSPL). The Certificate of Incorporation was issued by the Ministry of Corporate Affairs, Government of India, on August 31, 2026. This development follows a prior disclosure made on July 24, 2026, regarding the proposed incorporation, with Slagexcel Private Limited acting as the holding company.
Manufacturing Focus and Investment
WSPL’s core business will involve the manufacturing of Ground Granulated Blast Furnace Slag (GGBS) through the Slag Granulation Process. The newly incorporated company has commenced operations with an initial paid-up share capital of Rs. 1,00,000/-, comprising 10,000 equity shares of Rs. 10/- each. Welspun Corp Limited has subscribed to 2,600 equity shares, amounting to Rs. 26,000/-, which represents 26% of WSPL’s paid-up share capital. Consequently, WSPL is now considered an Associate Company of Welspun Corp Limited.
This strategic incorporation signifies Welspun Corp’s diversification into the production of GGBS, a vital component in the cement and construction industry, leveraging slag granulation technology.
Source: BSE
