Welspun Corp Ltd awarded contract for export of LSAW Pipes and Bends

Welspun Corp Limited has been awarded a prestigious contract for export of LSAW Pipes and Bends to the Middle East which will be executed from its facilities in Anjar, India in FY 23-24. The contract is for approximately 83,000 MT bare pipes with an option of coating exercisable by the project owner subsequently. Pipes supplied will be used for offshore production and transport of gas, which will accelerate and enhance LNG export infrastructure in one of the largest LNG producing and exporting country in the World.

This latest award is a testament to our engineering excellence, impeccable track record and dedication to delivering innovative solutions that meet the unique needs of our clients. The energy scenario across the globe is changing due to various geopolitical reasons and we are well-placed to secure further projects in the Oil & Gas sector, both in international as well as domestic market.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 192.70 as compared to the previous close of Rs. 184.00. The total number of shares traded during the day was 26345 in over 898 trades.

The stock hit an intraday high of Rs. 195.15 and intraday low of 184.00. The net turnover during the day was Rs. 5000797.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 ExportContract OrderWin LSAWPipes Bends MiddleEast