My Iris reported that Welspun Gujarat Stahl Rohren is learnt to have deferred a INR 50 billion backward integration plan due to weak macro-economic conditions.

The report said that the Welspun Group had a board meeting to discuss strategic issues following the adverse global developments.

It said that with the problem across all sectors, everyone is revising their expansion plans in this financial turmoil. However Welspun is still waiting for the regulatory approval for their recent acquisition of Vikram Ispat that is expected to be completed in the next three months and only then can they think of other programs.