Welspun Corp gains 5% on additional pipe order

Out of these additional orders, 151 KMT will be serviced from India.

Mar 12, 2019 05:03 IST India Infoline News Service

Welspun Corp
Shares of Welspun Corp were trading 5% higher intraday on Tuesday after the company received additional pipe orders of 212 KMT on global basis.

Out of these additional orders, 151 KMT will be serviced from India, the company said in a press note to the exchanges on Tuesday.

Further, the company’s current order book stands at 1,667 KMT value being Rs14,500cr, after considering execution up to February 2019.

Welspun Enterprises Ltd's share price is currently at Rs119.90, up by Rs2 or 1.7%, from its previous close of Rs117.90 on the BSE.

The scrip opened at Rs120 and has touched a high and low of Rs121.20 and Rs118.45, respectively. So far, 1,71,030 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs1,748.73cr.

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