COVID-19 Impact and Macroeconomic Factors
✓ WELSPUN CORP
COVID-19 COMPANY ACTION PLAN
People
Cash
Customer
Production &
Supply Chain
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PIPES AND PLATES
WFH for HO location. Other plants completely operational.
Task force created & responsibilities assigned for each important function.
Extensive training imparted to enhance skill set ( > 100 webinars).
• Availability of medical staff round the clock at our key locations
Comfortable liquidity position
• Sharp focus on collections.
• Complete check on payments.
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• Cost optimization measures enforced.
Significant capex reduction.
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Benefits from government stimulus packages
Current order book provides 2-3 quarters visibility.
All PSU projects on fast track mode.
In consultation with EPCs for securing major water projects.
Force majeure letters sent where necessary
Resumed operations with revised SOPs & policies for safety & security in
second fortnight of April in India. KSA plant operational from 7th June.
Flawless start up due to high level of maintenance during lockdown
Logistics substantially picked up helping in revenue recognitionView entire presentation