Welspun Corp has informed about receipt of a prestigious order from Indian Oil Corporation (IOCL) of approximately 48,000 MT with an order value of approximately Rs. 706 Crores. This order is for a large section of the Mundra Panipat Crude Oil Pipeline (P 25) Project which will be constructed to augment the crude oil intake for lOCL's Panipat refinery expansion project. The order will be executed in this financial year and reaffirms our strong customer connect and IOCL's confidence in our technical excellence and execution capabilities. Apart from above, the Company has also pleased to report that it has secured various other orders in this period, across the Oil & Gas, CGD and Water sectors in India and also in the Oil & Gas sector in the US, amounting to approximate Rs 2,450 Crores, with most of them to be executed within this financial year.
The above information is a part of company’s filings submitted to BSE.
