Welspun Corp gains on bagging major order in US

19 Sep 2022 , 09:31 AM

This order is for supply of 785 miles (1,256 KM) or 100,000 MT (approximately) of high frequency induction welding (HFIW) pipes and would be used for transporting captured carbon dioxide. The pipes for this order will be produced from the companys Little Rock plant in the U.S. and the same will be executed in FY 23&8208;24. Our strong supply track record has positioned both Welspuns Helical Submerged Arc Welded (HSAW) & High Frequency Induction Welding (HFIW) plants as the top facilities in the North American market,? the company said in a statement. Welspun Corp is a one-stop service provider offering end-to-end pipe solutions. The companys consolidated net profit declined 95.78% to Rs 4.11 crore despite a 3.69% rise in sales to Rs 1288.23 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News