November 2010 - Welspun

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Key questions on recent updates What is Welspun's exposure to current civil proceedings? During the previous year one of the customer reported defect in the pipes supplied alleging grade of steel used did not meet the specifications, the company replaced the defective pipes and also provided for the expected loss on this account. During the year the said customer initiated legal action against the company in the United States of America claiming loss / damages of $ 66 million on account of defects in the pipes supplied, consequently the company also initiated legal action against the steel supplier claiming corresponding loss / damages it may suffer on account of this claim of the customer. Hence the company does not expect any liability on account of the claim against it. November 2010 Page 26
Thank You For further details, please contact: Akhil Jindal Director - Corporate Affairs Tel.: +91- 22- 6613 5721 Mob.: +91- 98- 7029 6187 Email: akhil_jindal@welspun.com Navin Agarwal AVP - Corporate Affairs Tel.: +91- 22- 6613 5734 Mob.: +91- 98- 7000 9224 Email: navin_agarwal@welspun.com Company Website: http://www.welspuncorp.com November 2010 Page 27
Page 1 and 2: On The Path of Global Leadership…
Page 3 and 4: Welspun Group Brief Synopsis • On
Page 5 and 6: Corporate Structure Products Manufa
Page 7 and 8: Welspun Corp Limited: Strong Value
Page 9 and 10: 2. Robust Business Fundamentals & H
Page 11 and 12: 2. Robust Business Fundamentals & H
Page 13 and 14: 3. Global Footprint & Pre Approved
Page 15 and 16: 4. Strong Management Team with Prov
Page 17 and 18: 4. Strong Management Team with Prov
Page 19 and 20: 5. Exponential Growth in Revenues &
Page 21 and 22: 5. Exponential Growth in Revenues &
Page 23 and 24: Consolidated Balance Sheet as on 30
Page 25: Welspun on the Path of Global Leade

November 2010 - Welspun

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