Welspun Corp rallies on winning order for onshore project
The stock rallied 9% to Rs 107 after the company has won an order for supply of @ 216 K MTs line pipes for an onshore project in Americas.
 "Image courtesy: Welspun Corp")
Image courtesy: Welspun Corp
Welspun Corp has rallied 9% to Rs 107 on the BSE in early morning trade after the company said it has won an order for supply of @ 216 K MTs line pipes for an onshore project in Americas.
With the addition of this order, current order hook of the company has crossed @ 1040 K MTs worth Rs 6,400 crore, Welspun Corp said in a filing.
As on November 14, 2015, the company had pipe order book position at 852 K MTs worth Rs 5,200 crore.
At 09:23 AM, the stock was up 8% at Rs 106 on the BSE. A combined 922,307 shares changed hands on the counter on the BSE and NSE.
With the addition of this order, current order hook of the company has crossed @ 1040 K MTs worth Rs 6,400 crore, Welspun Corp said in a filing.
As on November 14, 2015, the company had pipe order book position at 852 K MTs worth Rs 5,200 crore.
At 09:23 AM, the stock was up 8% at Rs 106 on the BSE. A combined 922,307 shares changed hands on the counter on the BSE and NSE.
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First Published: Nov 27 2015 | 9:25 AM IST