 "Welspun Corp gains on winning orders")
Welspun Corp surged 14% to Rs 155 on the BSE in intra-day trade after the company announced that it has received orders for supply of at 124 K MTs pipes.
“Including a large oil & gas order we have received orders for supply of @ 124 K MTs pipes since our last disclosure,” Welspun Corp said in a regulatory filing on Friday after market hours.
With the addition of these orders, the company has current order book of 1198 K MTs valued at Rs 7,400 crore, it added.
Earlier, on December 18, 2017, Welspun Corp had said it had received an order from a customer in India for supply of 57K MTs pipes for a water project in India. At that time the company had order book position of at 1,074 K MTs pipes worth Rs 6,400 crore.
At 12:02 PM; the stock was trading 5% higher at Rs 143 on the BSE, as compared to 0.05% rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 1.9 million shares changed hands on the NSE and BSE so far.
“Including a large oil & gas order we have received orders for supply of @ 124 K MTs pipes since our last disclosure,” Welspun Corp said in a regulatory filing on Friday after market hours.
With the addition of these orders, the company has current order book of 1198 K MTs valued at Rs 7,400 crore, it added.
Earlier, on December 18, 2017, Welspun Corp had said it had received an order from a customer in India for supply of 57K MTs pipes for a water project in India. At that time the company had order book position of at 1,074 K MTs pipes worth Rs 6,400 crore.
At 12:02 PM; the stock was trading 5% higher at Rs 143 on the BSE, as compared to 0.05% rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 1.9 million shares changed hands on the NSE and BSE so far.
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