Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.
In a regulatory filing, the company said that the orders will be executed largely during FY26 and FY27. “These wins reinforce our leading & dominant position in the USA – Oil & Gas market and is also testimony of the trust, which the customers continue to place on us our capabilities. We remain committed to deliver quality products & exceptional service to our valued customer,” Welspun Corp said in the exchange filing.
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With the addition of these new orders, Welspun Corp’s consolidated order book now stands at approximately Rs 20,000 crore.
Earlier in February, the company had released its fiscal third quarter earnings report with two–fold profit increase in its consolidated net profit at Rs 672.19 crore, aided by lower expenses.The company’s total income trimmed to Rs 3656.57 crore in the quarter under review from Rs 4,758.17 crore in the same period a year ago.
Shares of Welspun Corp were up 3.16 per cent at 9:15 am at a trading price of Rs 834.80.
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