Welspun Corp secures Rs 1,300 crore orders in US for coated HSAW pipes

Quick Summary:

The company expressed optimism regarding its outlook for the US market.“We have also participated in a few more projects and are favourably placed in additional 1-2 large projects,” the company said.

Despite the latest order on Monday, Welspun shares dropped marginally by 0.21 per cent to Rs 731 as of 12.45 pm on Monday.

The projects are valued at approximately Rs 1,300 crore, the company said in an exchange filing on Monday.

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Category: BusinessFinance

Markets: IndiaUnited States

Topics: Natural gas pipe networks US order Rs 1300 crore ordr Welspun Corp shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 13:54:44 (18 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23391742

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