Welspun Corp Limited has announced that one of the orders planned from the USA facility has been deferred. The customer has communicated that owing to the unprecedented energy environment, execution of this order of 159 KMT slated for FY20-21 will be deferred for a period of 9 months. Despite this deferment, our order book stands at approximately 1 million MT.
This deferment would have no financial impact on our committed costs as we are fully covered on the same contractually. Further, we have also been specifically reassured of honoring all the commitments by the customer, who is a profitable and financially solid midstream organization.
Shares of Welspun Corp Limited was last trading in BSE at Rs.72.05 as compared to the previous close of Rs. 75.45. The total number of shares traded during the day was 171631 in over 2189 trades.
The stock hit an intraday high of Rs. 79.2 and intraday low of 71.7. The net turnover during the day was Rs. 12661811.