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Welspun India Enters JV With Sense Organics Import & Trading
Welspun India Posts March-Qtr Consol Loss
Welspun India Dec-Qtr Consol Net Profit Falls
Welspun India Limited (Welspun) is an India-based company, which is engaged in the textile business. The Company manufactures a range of home textile products, primarily terry towels, bed linen products and rugs. Its segments include Home Textiles and Power. The Home Textiles segment includes terry towels, bed sheets, pillows cases, rugs, carpets and others used for home furnishings. The Power segment includes generation of power. Its products under bath category include towels, such as beach towels, hand towels, face towels and bath sheets, and robes in various styles, such as kimono, hood and wraps. Its products under bed category include bed linen products, such as bed sheets in various blends; basic bedding products, such as mattress pads, and blown and garneted pillows, and decorative bedding products, such as comforters, duvets and bolsters. Its products under flooring category include rugs, such as bath rugs, and carpets. Its brands include Christy, Spaces and Welhome.
Personal & Household Prods.
Welspun House, 6th Floor
Senapati Bapat Marg
Kamala Mills Compound, Lower Parel
Bal Krishan Goenka
Non-Executive Chairman of the Board
Chief Financial Officer
President - Finance
President, Chief Executive Officer, Welspun USA
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A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin.
* DEC QUARTER CONSOL NET PROFIT 774.2 MILLION RUPEES VERSUS PROFIT OF 1.49 BILLION RUPEES LAST YEAR
* INCORPORATES UNIT WELSPUN NEXGEN INC REGISTERED WITH STATE OF DELAWARE, USA Source text - http://bit.ly/2manjIo Further company coverage:
* June quarter consol net profit 1.29 billion rupees versus profit of 2.09 billion rupees last year
* Welspun India clarifies on news regarding I.T. department conducting search operations at various loactions of co
* March quarter consol PAT after exceptional 1.54 billion rupees
* says enters into strategic agreement with cotton Egypt association
* Welspun India Ltd - dec quarter consol net profit 1.50 billion rupees
* Welspun India Ltd says welspun group to invest rs 4,000 crores in textile projects
Home textiles manufacturer Welspun India on Tuesday said it has initiated steps to closely monitor and control its Egyptian cotton business, which had come under a cloud early this year over quality issues.
* Exec says in the process of forming independent advisory council of experts
* Has filed 27 global patents of which nine have already been granted.
Wal-Mart Stores Inc <WMT.N> on Friday said it will stop selling Egyptian cotton sheets made by Welspun India <WLSP.NS> after the Indian manufacturer was unable to assure them the products were authentic.
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