Welspun Corp has informed that one of the orders planned from the USA facility has been deferred. The customer has communicated that owing to the unprecedented energy environment, execution of this order of 159 KMT slated for FY20-21 will be deferred for a period of 9 months. Despite this deferment, the company's order book stands at approximately 1 million MT. This deferment would have no financial impact on its committed costs as the company is fully covered on the same contractually. Further, it has also been specifically reassured of honoring all the commitments by the customer, who is a profitable and financially solid midstream organization.
The above information is a part of company’s filings submitted to BSE.
