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Welspun India  (Mint)
Welspun India (Mint)

Welspun Corp bags 1,000 cr orders

  • Various customers in U.S., Saudi Arabia and India has placed orders worth Rs. 1,000 crore totaling 106 kilo MT
  • With these orders, the company's order book stands at 759 KMT, valued at 6,200 crore

NEW DELHI : Welspun Corp Ltd on Monday said it has bagged multiple pipe supply orders worth about 1,000 crore.

The orders totalling 106 kilo metric tonnes (KMT) have been placed from customers in the US, Kingdom of Saudi Arabia (KSA) and India, among others, Welspun Corp Ltd said in a BSE filing.

"We have received multiple orders across geographies including USA, KSA and India of approximately 106 KMT valuing close to 1,000 crore," it said.

With these orders, the company's order book stands at 759 KMT, valued at 6,200 crore after considering execution up to June 2020, the filing said.

Welspun Corp MD and CEO Vipul Mathur said, "This (new orders) reflects overall improvement in business sentiments and exhibits our strong customer connection. This also demonstrates the trust that customers have on us for our superior technology and executional capabilities."

Welspun Corp, the flagship company of Welspun Group, is a leading welded line pipe manufacturer.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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