Deals24 Apr 2024, 01:25 pm
Welspun Corp Limited Receivesrs Rs. 611 Crore Binding LOA for Export of Line Pipes
AI Summary
Welspun Corp Limited has announced the receipt of a binding Letter of Award (LOA) worth approximately Rs. 611 crores for the export of Line Steel Armored Pipes (LSAW), Coating, and Bends to Latin America. The notice to proceed or purchase order is expected to be issued by the second week of May, and the execution of the contract is scheduled for FY25.
Key Highlights
- Welspun Corp Limited receives Rs. 611 crore binding LOA for line pipe export
- LSAW Pipes, Coating, and Bends to be supplied in Latin America
- Notice to Proceed / Purchase Order expected by second week of May
- Contract execution scheduled for FY25