Deals30 Sept 2024, 03:44 pm
Welspun Corp Secures Prestigious Order from Middle East Worth ~Rs 1,348 Crore
AI Summary
Welspun Corp Limited has announced the receipt of a significant order from the Middle East for the supply of Coated LSAW Pipes and Bends for sour service. This order, along with previous ones received in India and the USA, brings the cumulative value of line pipe orders to approximately Rs 1,348 Crore since the last disclosure on 24th July, 2024. The execution of these orders is expected to take place during FY25 and FY26, aligning with the company's disclosure requirements and fair practices.
Key Highlights
- Welspun Corp secures a prestigious order from the Middle East worth approximately Rs 1,348 Crore.
- The order is for the supply of Coated LSAW Pipes and Bends for sour service.
- The cumulative value of line pipe orders since the last disclosure stands at ~Rs 1,348 Crore.
- The orders are expected to be executed during FY25 and FY26.
- The disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and the Company’s Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information.