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Welspun Corp bags order for supply of 33 KMT of Pipes in US market

12 Jun 2018 Evaluate

Welspun Corp has been awarded contract for supply of 33 KMT of Pipes for Oil & Gas project in to the America’s market. With this addition, the company’s current order book stands at 1,643 KMTs valued at Rs 11,400 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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