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Welspun Corp bags contract for supply of 102 KMT of pipes

21 May 2020 Evaluate

Welspun Corp has been awarded contracts for supply of 102 KMT of pipes. Out of these orders, 90 KMT (approximately) is for US facility, including a large order received from one of very prestigious North American customers for a pipeline to be commissioned in the USA.

This demonstrates the confidence that customer has on the technical and executional capabilities for servicing large projects. This also reinforces company’s global leadership position in the line pipe business, during such challenging times. Accordingly, the company’s order book stands at 764 KMT valued at approximately Rs 6,200 crore, after considering execution up to April 2020.

Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.

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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