Adani Welspun makes ‘significant’ gas discovery off Mumbai coast

Adani Welspun Exploration Ltd. (AWEL), a joint venture between the Adani Group and Mumbai-based Welspun Enterprises Ltd, announced its first ever gas discovery in a NELP-VII block Tapti-Daman Sector of Mumbai Offshore basin. Known as MB-OSN-2005/2, the 714.6 sq.km block is located in an area where production is already underway by other operators. The block […]

Welspun says ‘Egyptian Cotton’ related US lawsuits not yet material

Welspun said it believed that two complaints against the company for allegedly using non-Egyptian cotton may or may not be allowed to proceed as class action lawsuits, and are therefore not yet ‘material’. The company was responding to a question by the stock exchanges of India on media reports that alleged that millions of dollars […]

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