Welspun Corp secures major export order from South East Asia; Stock tumbles 3%

25 Apr 2022 , 02:41 PM

Welspun Corp Ltd has informed to the exchanges regarding receipt of a major export order from South East Asia of approximately 55,000 MT, for manufacture and supply of pipes for a critical offshore application.

“This order would be executed from our facilities in India and majority of it would be supplied in this Financial Year, said company in a regulatory filing.

Further the company added, “This order reflects our strong customer centric approach, culture of engineering excellence and robust track record which has resulted in global leadership in delivering critical pipe solutions for large, complex and challenging projects worldwide.”

At around 2:45 PM, Welspun Corp was trading at Rs207.70 apiece down by Rs6.7 or 3.13% on the BSE.