Welspun Corp Ltd secures new orders

Welspun Corp Ltd. (WCL), has secured various orders to be executed from India and the USA across the Oil & Gas and Water sector, of ~47,000 MT amounting to ~INR 600 Crores.

These include, receipt of an order for the supply of onshore coated pipes and bends for a pipeline project in Australia. This is a prestigious order for the manufacture and supply of ~19,700 MT of pipes and 180 bends for transportation of gas. This export order will be executed from WCL’s plant at Anjar, India in H2 F122-23. The challenging specifications of the pipes to be supplied, shows the confidence of the customers on WCL’s engineering quality and technical excellence.

This will be the fourth order from Australia that WCL has won in the recent past.

It further strengthens WCL’s position as a global market leader, both in offshore & onshore, across all geographies.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 213.05 as compared to the previous close of Rs. 198.65. The total number of shares traded during the day was 79756 in over 1736 trades.

The stock hit an intraday high of Rs. 215.00 and intraday low of 200.55. The net turnover during the day was Rs. 16644727.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 OrderWin India USA OilandGas Water