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21 October, 2021 01:41 IST
Welspun Corp wins multiple orders worth Rs 14 bn
Source: IRIS | 20 Sep, 2021, 01.51PM
Rating: NAN / 5 stars.
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Welspun Corp, a leading large diameter line pipe manufacturing company, received multiple orders of approximately 120 KMT valuing close to Rs. 14 billion most of which will be executed from our facilities in India. This includes a significant and a very prestigious export order for a deep offshore pipeline project (of approximately 59 KMT) in Gulf-of-Mexico, USA.

This exhibits overall improvement in business sentiments, our strong customer connect, their confidence in our technical excellence and our execution capabilities.With these orders, the Company’s order book stands at 492 KMT valued at approximately Rs. 47 billion, after considering execution up to August 2021.

Shares of the company gained Rs 2.80, or 2.31%, to trade at  Rs 124.20.  The total volume of shares traded  was  83,019 at the BSE (12.34 p.m., Monday).

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