Welspun Corp receives Rs. 706 crores order from Indian Oil Corporation Ltd

Welspun Corp Limited has received a prestigious order from Indian Oil Corporation Limited (IOCL) of approximately 48,000 MT with an order value of apprx. Rs. 706 Crores. This order is for a large section of the Mundra Panipat Crude Oil Pipeline (P 25) Project which will be constructed to augment the crude oil intake for lOCL's Panipat refinery expansion project.

The order will be executed in this financial year and reaffirms our strong customer connect and IOCL's confidence in our technical excellence and execution capabilities.

Apart from above, we are also pleased to report that we have secured various other orders in this period, across the Oil & Gas, CGD and Water sectors in India and also in the Oil & Gas sector in the US, amounting to apprx. Rs.2,450 Crores, with most of them to be executed within this financial year.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 204.55 as compared to the previous close of Rs. 209.45. The total number of shares traded during the day was 28601 in over 805 trades.

The stock hit an intraday high of Rs. 211.50 and intraday low of 203.30. The net turnover during the day was Rs. 5912397.00.

Source : Equity Bulls

Keywords

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