On Thursday Welspun Corp Ltd (WCL) said it has bagged a contract to supply 61,000 metric tonnes (MT) of LSAW pipes and bends in the Middle East.
WCL said in the statement that the company will supply the longitudinally submerged arc welding (LSAW) pipes and bends from its plant, located at Anjar in Gujarat.
“Welspun Corp wins a contract to supply 61,000 MT of bare pipes and bends to the Middle East, which will be used for offshore production and transport of gas. With the receipt of the above order, WCL has cumulatively received total orders of approximately 1,91,000 MT of line pipes, to be executed from its India and USA facilities since its last announcement dated August 4, 2023,” the statement said.
In the statement, the company did not disclose the order value.
Welspun Corp Ltd (WCL) is one of the largest manufacturers of large-diameter pipes globally. It also manufactures steel billets, TMT (thermo-mechanically treated) rebars, DI (ductile iron) pipes, stainless steel pipes, tubes and bars.
Currently, the company shares are trading 2.7 per cent down at Rs. 438.80 on the NSE.
