Welspun Corp gains on winning orders

The stock surged 14% to Rs 155 on the BSE in intra-day trade after the company announced that it received orders for supply of at 124 K MTs pipes.

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