The flagship company of Welspun Group Welspun-Gujarat Stahl Rohren shares hit upper circuit at Rs 73.60 on the Bombay Stock Exchange after the company bagged orders worth Rs 500 crore from GAIL for a pipeline-related works.
The company received this order in conjunction with other significant orders the company obtained in the last few months, Welspun-Gujarat Stahl Rohren said in a BSE filing.
"Welspun takes pride to deliver this prestigious order in the Indian soil. These orders not only reaffirm our position as a global supplier, but also reiterates its reach in the premium segment of the Indian pipe market," Welspun Vice Chairman and Managing Director BK Goenka said.
The above said orders takes the company's order book to Rs 10,000 crore, the filing added.
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