India: Welspun Corp bags multiple orders worth INR 1,400 cr

Welspun Corp Ltd has secured multiple orders worth 120 kilo metric tonnes (KMT) valuing close to INR 1,400 cr, most of which will be executed from their facilities in India. This includes a significant and a very prestigious export order for a deep offshore pipeline project (of approximately 59 KMT) in Gulf-of-Mexico, USA. With these orders, the company’s order book stands at 492 KMT valued at approximately INR 4,700 cr, after considering execution up to Aug’21, SteelMint learned from BSE press release.