Welspun Corp Ltd secures Rs 1,400 Crore in fresh orders, pushing global order book to Rs 23,650 Crore
Welspun Corp Limited has announced significant growth visibility following the receipt of large new orders for pipes destined for Oil & Gas export projects. These contracts were secured from the company's India facility and are cumulatively valued at approximately Rs 1,400 Crore.The addition of these fresh orders reinforces the strength of Welspun’s order pipeline. The company confirmed that its consolidated global order book has now reached Rs 23,650 Crore, which is equivalent to approximately US$2.5 billion. This increase provides a strong foundation for revenue visibility and ensures continuity of operations across both the company's India and USA manufacturing assets.
The acquired order book is scheduled for execution across Fiscal Years (FY)27 and FY28. The contracts are expected to provide sustained growth momentum to Welspun Corp Limited over the next two fiscal years, benefiting its global operational scope.
WELCORP Stock Price Movement
On Monday, Welspun Corp Limited stock edged higher, settling at ₹1619.90 after gaining 0.77%. This performance saw significant trading activity with 700,903 shares changing hands as the share price approached its 52-week high of ₹1638.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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