From The Economic Times · ET Online · · 50s
Welspun Corp Wins Rs 4000 Crore Pipe Order
Welspun Corp's US unit secures Rs 4,000 crore pipe supply order, boosting shares 4.31%.
In brief
Welspun Corp's US unit secures Rs 4,000 crore pipe supply order, boosting shares 4.31%. Welspun Corp's US subsidiary won a Rs 4,000 crore order for High-Frequency Induction Welded pipes, marking its largest order and raising shares 4.31%. Originally reported by The Economic Times.
Welspun Corp US unit wins order
Welspun Corp's US unit won a Rs 4,000 crore pipe supply order for High-Frequency Induction Welded pipes.
Largest order in history
This marks the unit's largest order in history in terms of volume, length and value.
Order execution timeline
The order will be executed during fiscal years 2028 and 2029.
Record global order book
Welspun Corp's global order book stands at a record Rs 45,000 crore.
Share price surge
Welspun Corp shares rose by more than 4.31% after a Rs 116.05 per scrip hike.
What matters most
Welspun Corp's US subsidiary won a Rs 4,000 crore order for High-Frequency Induction Welded pipes, marking its largest order and raising shares 4.31%.
