Welspun Corp secures orders worth Rs 1300 crore

Welspun Corp Ltd. | Steel & Iron Products | Metals & Mining | BSE: 532144 | NSE: WELCORP

04 Nov 2024 Evaluate

Welspun Corp has received two large orders in the USA, cumulatively valued at around Rs 1300 crore for supply of coated HSAW Pipes for Natural Gas Pipeline Projects. Execution of these orders will be during FY26.

This win further reinforces its leading position in the USA O&G market. Its outlook for the USA market remains extremely positive. It has also participated in few more projects and is favourably placed in additional 1-2 large projects.

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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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