Welspun Corp upgraded to 'CARE AA+' credit rating

CARE Ratings upgraded Welspun Corp's long-term bank facilities and non-convertible debentures to 'CARE AA+; Stable' from 'CARE AA; Positive' as of August 8, 2025.

The upgrade reflects significant debt repayment, strong liquidity, and enhanced operating cash flows. Overall gearing improved to 0.36x by March 2025.

Welspun Corp's line pipe orderbook surged to ₹16,527 crore by March 31, 2025, primarily from USA orders, contributing to a consolidated orderbook of ₹19,000 crore in July 2025. The company reported total operating income of ₹13,948 crore in FY25.