Welspun Corp Limited secures multiple orders valued at Rs. 872 crores

Welspun Corp Limited has announced the receipt of multiple line pipe orders, both in India & USA, cumulatively valued at ~Rs 872 Crores.

Among these orders, one is for supply of Concrete Coated LSAW Pipes and Bends for a critical oil transportation project in the Middle East. The line pipes shall be used for extreme sour service application. Welspun Corp has been executing these types of extremely challenging projects, which reinforces our position as one of the top line pipe manufacturers of the world.

Execution of these orders will be during FY25.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 528.20 as compared to the previous close of Rs. 539.10. The total number of shares traded during the day was 59485 in over 3345 trades.

The stock hit an intraday high of Rs. 533.60 and intraday low of 517.65. The net turnover during the day was Rs. 31389017.00.

Source : Equity Bulls

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WelspunCorp INE191B01025 OrderWin