MoneyWorks4Me

Welspun Corp bags order for supply of 114K MTs pipes

19 Apr 2018 Evaluate

Welspun Corp has been awarded a contract for supply of 114K 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 1,605K MTs valued at Rs 10240 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 1261.00
Tata Steel 186.00
Steel Authority 184.45
Jindal Stainless 745.30
APL Apollo Tubes 2200.00
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