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

Welspun Corp Limited has been awarded a very prestigious contract for export of LSAW Pipes and Bends to the Middle East which will be executed from its facilities in Anjar, India. The contract is for supply of approximately 61,000 MT bare pipes and bends which will be used for offshore production and transport of gas.

It is worthwhile to note that with the receipt of the above order, we have cumulatively received total orders of approximately 191,000 MT of line pipes, to be executed from our India and USA facilities, since our last announcement dated August 4, 2023.

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 line pipes shall be used for extreme sour service application, thus making this Project extremely challenging & reinforces our position as one of the Top line Pipe manufacturer of the world. The energy scenario across the globe is changing due to various geopolitical reasons and we are wellplaced 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. 439.70 as compared to the previous close of Rs. 451.00. The total number of shares traded during the day was 40559 in over 1425 trades.

The stock hit an intraday high of Rs. 453.95 and intraday low of 438.00. The net turnover during the day was Rs. 18001699.00.

Source : Equity Bulls

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WelspunCorp INE191B01025 OrderWin