Deals25 Jul 2024, 04:54 am
Welspun Corp Secures Rs 1,202 Crore Order for LSAW Pipes and Bends
AI Summary
Welspun Corp Limited has announced the receipt of a significant order from the Middle East for the supply of LSAW Pipes and Bends, both bare and coated. This order, combined with previous ones received in India and the USA, brings the total value of line pipe orders to approximately Rs 1,202 Crore since the last disclosure on 30th May, 2024. The execution of these orders is expected to take place during FY25 and FY26, aligning with the company's disclosure requirements and fair practice guidelines.
Key Highlights
- Welspun Corp secures a prestigious order from the Middle East for LSAW Pipes and Bends.
- The cumulative value of line pipe orders since the last disclosure is approximately Rs 1,202 Crore.
- The orders will be executed during FY25 and FY26.
- The announcement is in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
- The order includes both bare and coated LSAW Pipes and Bends.