You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Welspun Corp gallops on winning new orders

Capital Market 

Welspun Corp rose 3.55% to Rs 135.60 after the company said it has received additional orders of approximately 129 kilo metric tonnes (KMT) valued at about Rs 1,200 crore.

Out of these orders, approximately 69 KMT would be executed from our Saudi facility, including a single order of 45 KMT from Saudi Aramco. These orders bring in clear business continuity for FY22, both in domestic and Saudi market, the company said in a statement today, 30 December 2020.

Welspun Corp offers pipe solutions with a capability to manufacture line pipes, along with specialized coating, double jointing and bending.

On a consolidated basis, the company's net profit fell 4.1% to Rs 149.24 crore on a 50.8% decline in net sales to Rs 1094.50 crore in Q2 September 2020 over Q2 September 2019.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, December 30 2020. 15:18 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU