Welspun Specialty Solutions zooms on bagging order worth Rs 21.64 crore
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Welspun Specialty Solutions is currently trading at Rs. 42.40, up by 3.39 points or 8.69% from its previous closing of Rs. 39.01 on the BSE.
The scrip opened at Rs. 40.20 and has touched a high and low of Rs. 42.90 and Rs. 40.20 respectively. So far 1014734 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 6 has touched a 52 week high of Rs. 46.03 on 25-Jan-2024 and a 52 week low of Rs. 19.00 on 18-May-2023.
Last one week high and low of the scrip stood at Rs. 42.90 and Rs. 36.90 respectively. The current market cap of the company is Rs. 2264.54 crore.
The promoters holding in the company stood at 55.17%, while Non-Institutions held 44.83% in the company.
Welspun Specialty Solutions has received an order valued at Rs 21.64 crore (including taxes) from a domestic PSU customer for supply of Stainless Steel Seamless Tubes. These tubes shall be produced in an integrated manner under one roof (from Steel making to final Tubes) and will be used for critical boiler application. The said order is expected to be executed by January 2025 as per requirement of the customer. The company has received the said order in normal course of business. The said transaction is not falling under related party transaction and is done at arm’s length basis.
Welspun Specialty Solutions (Erstwhile RMG Alloy Steel), is a world class manufacturer of best in class Alloy & Stainless-Steel products that are globally benchmarked.
