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Welspun Corp bags order for supply of 220 KMT of Pipes

07 Sep 2018 Evaluate

Welspun Corp has entered into an agreement for supply of 220 KMT of Pipes for Oil & Gas project in the Americas region. With this addition, the Company's current order book stands at 1,776 KMTs valued at Rs 150 billion.

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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