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MoneyWorks4Me

Welspun Corp bags orders of Rs 777 crore

18 Mar 2021 Evaluate

Welspun Corp has received multiple orders of approximately 93 KMT valuing close to Rs 777 crore. This includes a single order of approximately 50 KMT received from a large client in Middle East which would be executed from our facility in Saudi Arabia. Most of the other orders received will be executed from company’s facilities in India for domestic market.

With these orders, the Company’s order book stands at 586 KMT valued at approximately Rs 5,300 crore, after considering execution up to February 2021.

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 1354.00
Tata Steel 189.50
Steel Authority 170.80
Jindal Stainless 704.45
APL Apollo Tubes 2186.95
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