Welspun Corp Ltd receives orders worth Rs. 1400 crore

Welspun Corp Ltd has received multiple orders of approximately 147 KMT valuing close to Rs. 1,400 crore. These orders would be executed from India and will help boost the mill utilization for our India facilities. The inflow of orders is not only from the domestic O&G and Water business but also from exports. This indicates our strong positioning in all the markets.

With these orders, the Company's order book stands at 755 KMT valued at approximately Rs. 6,300 crore, after considering execution up to August 2020.

Shares of Welspun Corp Limited was last trading in BSE at Rs.108.3 as compared to the previous close of Rs. 107.05. The total number of shares traded during the day was 53962 in over 2129 trades.

The stock hit an intraday high of Rs. 110.9 and intraday low of 107.5. The net turnover during the day was Rs. 5873942.

Source : Equity Bulls

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