Welspun Corp receives multiple orders of 93 KMT valuing Rs777cr; Stock climbs 2%

With the flow of the latest orders, Welspun Corp's total order book stands at 586 KMT valued at approximately Rs5,300cr.

Mar 18, 2021 10:03 IST India Infoline News Service

Welspun Corp
Welspun Corp on Thursday announced that the company has received multiple orders of approximately 93 KMT valuing close to Rs777cr.

As per the company's regulatory filing today, the company received a single order of approximately 50 KMT from a large client in the Middle East, for which Welspun Corp said, "would be executed from our facility in Saudi Arabia."

Further, the company highlighted that most of the other orders received will be executed from its facilities in India for the domestic market.

With the flow of the latest orders, Welspun Corp's total order book stands at 586 KMT valued at approximately Rs5,300cr, after considering execution up to February 2021.

At around 10.37 am, Welspun Corp was trading at Rs131.70 per piece up by 1.9% on Sensex.

The company's stock was performing near the day's high of Rs136.20 per piece on Sensex.  

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