Welspun Corp Ltd's US arm receives two major line pipe orders

Welspun Corp Limited's US subsidiary has received two major line pipe orders valued at a total of US$ 715 million (approx.) for supply of coated pipes for Natural Gas and NGL Pipeline Projects in USA.

With this, our US facility now has a clear business visibility and continuity till FY28.

The Company's consolidated order book now stands at a record high of ~Rs. 23,500 Crores.

We are witnessing a significant energy demand for Data Centres powering AI in USA, creating additional opportunities for Line Pipe applications. These wins position us as a reliable partner in these value chains.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 926.05 as compared to the previous close of Rs. 906.80. The total number of shares traded during the day was 52530 in over 2361 trades.

The stock hit an intraday high of Rs. 932.70 and intraday low of 900.00. The net turnover during the day was Rs. 48177196.00.

Source : Equity Bulls

Keywords

WelspunCorp INE191B01025 USSubsidiary OrderWin LinePipe