Welspun Corp bags Rs1,670 cr orders

Welspun Corp bags Rs1,670 cr orders

Mumbai: Pipe manufacturer Welspun Corp on Tuesday said it has received new orders worth Rs1,670 crore from the international markets.

The new pipe and plate orders will be executed over a period of one year, Welspun said in a filing to the Bombay Stock Exchange (BSE).

The company’s current order book stands at Rs6,150 crore, excluding orders being executed in the current quarter, the filing added.

Boosted by the news, the company scrip jumped by 4.42% to an early high of Rs178 on BSE.