Welspun Corp shines on bagging another order for pipeline project in Australia
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Welspun Corp is currently trading at Rs. 221.00, up by 7.95 points or 3.73% from its previous closing of Rs. 213.05 on the BSE.
The scrip opened at Rs. 223.00 and has touched a high and low of Rs. 223.70 and Rs. 216.35 respectively. So far 56944 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 250.50 on 20-May-2022 and a 52 week low of Rs. 106.00 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 223.70 and Rs. 183.40 respectively. The current market cap of the company is Rs. 5752.63 crore.
The promoters holding in the company stood at 50.01%, while Institutions and Non-Institutions held 16.64% and 33.35% respectively.
Welspun Corp (WCL) has secured another order for the supply of onshore coated pipes and bends for a pipeline project in Australia. This is a prestigious order for the manufacture and supply of 19,700 MT of pipes and 180 bends for transportation of gas. This export order will be executed from the company’s plant at Anjar, India in H2 FY22-23. The challenging specifications of the pipes to be supplied, shows the confidence of the customers on WCL’s engineering quality and technical excellence. This will be the fourth order from Australia that WCL has won in the recent past.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
