Welspun Corp announced today morning that it has received multiple orders of approximately 93 KMT valuing close to Rs.777 crore.
This includes a single order of approximately 50 KMT received from a large client in Middle East which would be executed from its facility in Saudi Arabia.
Most of the other orders received will be executed from its facilities in India for domestic market.
With these orders, the company’s order book stands at 586 KMT valued at approximately Rs.5300 crore, after considering execution up to February 2021.
The stock price has reacted positively to this news, rising 5.5% to hit its intraday high at Rs.136.20. Its 52-week high is at Rs.145.50.