Welspun Corp bagged new orders aggregating Rs 819 crore
Welspun Corp bagged new orders aggregating Rs 819 crore from the Middle East and domestic markets. These major orders from the Middle East and domestic markets re-emphasize the company's leading position and customer reach in the global pipes market. It continues to strive and deliver superior products and customer service, and thereby strengthen its market position
Welspun Corp has won new pipes (130K MT) and plates (31K MT) orders worth Rs 819 crore. With the addition of these orders, the current order book of the company without excluding the orders being executed in first quarter ended June 2012 and the current quarter ending September 2012 stands at Rs 10004 crore. In addition, the company has internal plate orders of 176K MT.
Welspun Corp provides complete pipe solution with a capability to manufacture line pipes ranging from half inch to 120 inches, along with specialized coating, double jointing and bending. Welspun Corp's consolidated net profit rose 0.4% to Rs 118.55 crore on 24.2% growth in net sales to Rs 2699.78 crore in fourth quarter ended March 2012 over March 2011. The company unveils its June 2012 results on 14 August 2012.