Welspun Corp’s shares jumped 5% after announcing two major orders for its US plant, pushing cumulative orders in Q3FY25 past Rs 7,000 crore. These orders, to be executed in FY25 and FY26, involve helical submerged arc welded and high-frequency induction welded pipes, key components for natural gas pipeline projects.
The company emphasized its strong market presence in the USA’s oil and gas transmission sector, with a positive outlook for continued growth over the next few years. Welspun stated it is well-positioned to seize future opportunities in the expanding US market.
Welspun Corp’s stock opened at ₹812.90, reaching a high of ₹824.45 and a low of ₹807.30 today. The current 52-week high stands at ₹824.45, with the 52-week low at ₹440.15.
As of 9:25 am, Welspun Corp shares were trading 2.57% higher at Rs 810.00 on the NSE.
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