Welspun Corp shares rise 4% after ₹1,400 crore order win
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Shares of Welspun Corp Ltd rose over 4% on 14 July following the announcement of new orders worth ₹1,400 crore. These contracts, for supplying pipes in oil and gas export projects, boost the company's consolidated order book to approximately ₹23,650 crore. This growth underscores strong demand for Welspun's solutions in the sector.
The orders will be executed from its manufacturing facilities in India and the US, enhancing operational continuity and business visibility through FY27 and FY28.
Not investment advice. For informational purposes only.