Welspun Corp hits 5% upper circuit on receiving orders worth Rs 1,400 crore

With these orders, the company's order book stands at 755 KMT valued at approximately Rs 6,300 crore, the company said.

Shares of Welspun Corp hit an upper circuit limit of 5 per cent at Rs 113.70 apiece on the BSE on Wednesday, a day after the company announced it has received multiple orders of approximately 147 kilometre-tonne (KMT) valuing close to Rs 1,400 crore. 

"These orders would be executed from India and will help boost the mill utilisation for our India facilities. The inflow of orders is not only from the domestic Oil & Gas (O&G) and Water business but also from exports. This indicates our strong positioning in all the markets," Welspun Corp said in the