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MoneyWorks4Me

Welspun Corp bags order for supply of 417K MTs pipes

10 Apr 2018 Evaluate

Welspun Corp has bagged a contract for supply of 417K MTs of large diameter pipes for a water project in the MENA Region. With this addition, the company’s current order book stands at an all-time high of 1.49 million MTs valued at Rs 9,544 crore.

Welspun Corp is currently in four businesses viz Line Pipes, Energy, Infrastructure & Steel and enjoys a global leadership position in the first two businesses. It may be recalled that Welspun Corp is already in advanced stages of demerging the parts of its business other than Line Pipes into Welspun Enterprises through a court process.

Peers
Company Name CMP
JSW Steel 1345.00
Tata Steel 184.90
Steel Authority 169.80
Jindal Stainless 691.05
APL Apollo Tubes 2180.10
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