Welspun Corp soars on commissioning Coke Oven plant in Anjar
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Welspun Corp is currently trading at Rs. 209.55, up by 5.85 points or 2.87% from its previous closing of Rs. 203.70 on the BSE.
The scrip opened at Rs. 203.00 and has touched a high and low of Rs. 211.15 and Rs. 201.65 respectively. So far 20583 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 298.35 on 22-Sep-2022 and a 52 week low of Rs. 135.55 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 234.80 and Rs. 201.65 respectively. The current market cap of the company is Rs. 5475.12 crore.
The promoters holding in the company stood at 49.90%, while Institutions and Non-Institutions held 20.23% and 29.87% respectively.
Welspun Corp (WCL) has commissioned state-of- the-art Coke Oven plant in Anjar, Gujarat through Welspun Metallics, a wholly owned subsidiary of the company. This facility has a production capacity of approximately 210,000 MT per annum of Coke which will primarily be used in the Blast Furnace for manufacturing of Hot Metal. This will help with continuous supply of high-quality coke at a competitive cost to run the plant efficiently.
Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.
