Stock Report

Welspun Specialty Solutions Ltd wins strategic order

Posted On : 2023-05-19 13:46:38( TIMEZONE : IST )

Welspun Specialty Solutions Ltd wins strategic order

Welspun Specialty Solutions Limited (WSSL), a leading manufacturer of stainless steel products, has announced a significant strategic order win, successful delivery of which will pave way for many more opportunities in high value add product segment (nickel alloy tubing). This milestone achievement not only reaffirms WSSL's strategy to be recognised as world-class manufacturer but also sets the stage for higher future potential and increased market presence.

The newly secured order is for material Grade "UNS N06625" HP seamless hydraulic & instrumentation (H&I) tubes for a critical application in the Oil and Gas sector in Europe. It is an evidence of WSSL's steadfast focus on excellence, customer centricity and technology & innovation. The Company has emerged as a preferred partner for clients seeking high-quality, reliable and customized stainless steel bars and seamless pipes & tubes.

Mr. Vipul Mathur, MD & CEO, Welspun Corp Ltd. said "WSSL is thrilled to secure this major order win, which is a testament to the hard work, dedication, and expertise of the team. The recent success demonstrates the industry's trust in its capabilities and positions the company favorably to seize emerging market trends and fulfill evolving customer needs. The company remains resolute in its pursuit of innovation, continuous improvement, and industry leadership."

Shares of Welspun Specialty Solutions Ltd was last trading in BSE at Rs. 19.22 as compared to the previous close of Rs. 19.70. The total number of shares traded during the day was 163343 in over 261 trades.

The stock hit an intraday high of Rs. 19.85 and intraday low of 19.00. The net turnover during the day was Rs. 3170732.00.

Source : Equity Bulls


WelspunSpecialtySolutions INE731F01037 Strategic OrderWin