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Welspun Corp receives orders worth Rs 1400 crore

30 Sep 2020 Evaluate

Welspun Corp has received multiple orders of approximately 147 KMT valuing close to Rs 1,400 crore. These orders would be executed from India and will help boost the mill utilization for its India facilities. The inflow of orders is not only from the domestic O&G and Water business but also from exports. This indicates company’s strong positioning in all the markets. With these orders, the company's order book stands at 755 KMT valued at approximately Rs 6,300 crore, after considering execution up to August 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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