Welspun Corp Ltd bags contracts for supply of 102 KMT of pipes

Welspun Corp Ltd has been awarded contracts for supply of 102 KMT of pipes. Out of these orders, 90 KMT (approx.) is for its US facility, including a large order received from one of our very prestigious North American customers for a pipeline to be commissioned in the USA. This demonstrates the confidence that customer has on our technical and executional capabilities for servicing large projects. This also reinforces company's global leadership position in the line pipe business, during such challenging times.

Accordingly, the Company's order book stands at 764 KMT valued at approximately INR 6,200 Cr, after considering execution up to April 2020.

Shares of Welspun Corp Limited was last trading in BSE at Rs.57 as compared to the previous close of Rs. 57.15. The total number of shares traded during the day was 23680 in over 222 trades.

The stock hit an intraday high of Rs. 58.7 and intraday low of 55.55. The net turnover during the day was Rs. 1367476.

Source : Equity Bulls

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