Welspun Gujarat Stahl Rohren, one of the largest steel pipe makers in
India, has decided to increase the capacity of its pipe plant by 75%
to 1.75 million tonnes to meet growing demand for oil pipelines.
The expansion is estimated to cost the company Rs 1,100 crore, which
will be funded through a mixture of debt and internal accruals,
company president Akhil Jindal told ET. "About Rs 800 crore will be
through debt, while the rest will come from our accruals," he said
adding that their borrowing cost has been pegged at about 10%.
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