Inventory jumps 3% after it receives an order value ₹ 3,670 Cr from Aramco 

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Multibagger inventory which is among the many Largest welded-line pipe-manufacturing corporations on the planet jumped 3 p.c within the day’s commerce upon receiving a piece order value Rs. 3,670 Crores from Aramco. 

With a market capitalization of Rs. 14,567 Crores, the shares of Welspun Company Restricted have been buying and selling at Rs. 556.70 per fairness share, up 1.32 p.c from its earlier day’s shut worth of Rs. 549.45. It has delivered multibagger returns of 110 p.c in a yr. 

Welspun Company Restricted’s affiliate firm East Pipes Built-in Firm for Business (EPIC) has signed a number of contracts with main Saudi Arabian Oil Firm “Aramco” for manufacturing and provide of metal pipes for a consideration of SAR 1.65 Billion or Rs. 3,670 Crores. The work order needs to be executed inside 19 Months. 

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EPIC is Saudi Arabia’s main producer of Helical Submerged Arc Welded (HSAW) pipes. Its totally built-in manufacturing services, impeccable observe document of execution of mega orders, High quality, and customer-focused method allows it to stay well-placed to safe additional tasks each within the Water and Oil & Fuel sector and proceed pioneering in supporting Kingdom of Saudi Arabia’s (KSA) strategic aims beneath the Imaginative and prescient 2030 

Welspun Company Restricted is among the many Largest Welded Line pipe-manufacturing corporations on the planet, engaged within the enterprise of producing and coating high-grade submerged arc welded pipe, scorching rolled metal plates, coils, plastic merchandise, and lots of extra. 

It has a robust Order E-book of Rs. 9,056 Crores consisting of orders for Line Pipes (INDAS) for 528 KMT, DI Pipes for 328 KMT, and SS Bars & Pipes (MT) for five,590 KMT. 

Welspun Company Restricted is among the many high 3 line pipe producers globally, with 5 manufacturing services in 3 nations. These pipes are used for offshore and onshore transmission of oil, gasoline, water, and lots of others. 

Welspun Corp is evaluating numerous natural/ inorganic development choices in DI Pipes and Metal capacities together with downstream merchandise, in Spiral/ Coating at new places and in Sintex at numerous new places. 

Its Income from Operations grew by 9.61 p.c from Rs. 4,070.15 Crores in Q4FY23 to Rs. 4,461.17 Crores in Q4FY24, accompanied by income of Rs. 240.08 Crores to Rs. 287.28 Crores. 

Written by: Bharath Ok.S

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