Welspun Corp bags new order in North America; Stock down 1%

18 Apr 2022 , 01:41 PM

Welspun Corp Ltd has announced to the exchanges regarding winning of ~26 KMT line pipe order from a long-standing customer in North America. This order will be executed from its US facility in Little Rock, Arkansas, said company.

“This is a clear indication of a revival in the Oil & Gas business outlook in North America and we are confident that many such opportunities, BOTH FOR SPIRAL AND HFIW PIPES, may emerge in near future. This is also a testimony of the trust customers have in Welspun Corp’s systems, processes, quality and people to execute prestigious projects”, said Welspun Corp in a regulatory filing on Monday.

Welspun Corp was trading at Rs209.40 apiece down by Rs2.1 or 0.99% on the BSE, at around 1:44 PM.