Welspun Corp Limited receives orders valued at ~ Rs. 2039 crore

Welspun Corp Limited has announced the receipt of line pipe orders, both in India & USA, cumulatively valued at ~2,039 Crores since last announcement.

The new orders in the USA not only ascertain business continuity till Q2 FY25, but also reaffirms our dominant position in the USA onshore gas transmission sector.

Also from the orders in India, one being for supplies to USA offshore, reaffirms our technical excellence and customer trust on us, for executing critical projects, especially in very challenging and demanding Gulf of Mexico.

Execution of these orders will mostly be during FY25.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 524.35 as compared to the previous close of Rs. 504.65. The total number of shares traded during the day was 59525 in over 1994 trades.

The stock hit an intraday high of Rs. 531.20 and intraday low of 508.45. The net turnover during the day was Rs. 31172713.00.

Source : Equity Bulls

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