Welspun Corp Limited receives two large orders in USA

Welspun Corp Limited has announced the receipt of additional two large orders in the USA, one each for HSAW and HFIW pipes, for supply of coated pipes for Natural Gas Pipeline Projects.

With addition of these two new orders, value of the cumulative orders received by our USA Plant till date in this Q3FY25 exceeds Rs. 7,000 Crores.

Execution of these orders will be during FY25 & FY26.

These wins once again reinforce our leading and dominant market share in the USA O&G transmission space.

Further, our outlook for the USA market remains extremely positive for next couple of years and Welspun is fully poised to benefit from more opportunities in the time to come.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 783.80 as compared to the previous close of Rs. 793.35. The total number of shares traded during the day was 26336 in over 546 trades.

The stock hit an intraday high of Rs. 800.20 and intraday low of 778.75. The net turnover during the day was Rs. 20854313.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 OrderWin USA