Shares of Welspun Corp Ltd are buying and selling flat after touching a day’s excessive of Rs 831.95 on seventeenth March, regardless of the agency asserting on Monday, seventeenth March, that it has obtained new orders value Rs 2,400 crore to provide coated pipes for pure gasoline pipeline initiatives within the US.
The corporate stated the orders will principally be executed in FY 2026 and 2027.
Welspun Corp’s consolidated order e book now exceeds Rs 20,000 crore with this order.
Final month, the corporate secured Rs 3,000 crore in US pipeline orders, together with massive HSAW and HFIW Pipes contracts.
Welspun Corp’s web revenue surged 127% within the December quarter to Rs 674.7 crore from Rs 297.9 crore final yr.
Income fell 23.9% to Rs 3,613.5 crore from Rs 4,749.7 crore within the earlier fiscal. EBITDA dropped 6.1% to Rs 434.4 crore, however the EBITDA margin improved to 12% from 9.8% final yr.
At 11:31 AM, the shares of Welspun Corp had been buying and selling 0.14% decrease at Rs 808.95 on NSE.
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