Welspun Gujarat Stahl Rohren has bagged orders worth Rs 600 crore for pipes and plates from various global clients. In a stock exchange filing, the company has said that with the addition of these orders, the total order book now stands at Rs 7,200 crore. Shares of Welspun gained more than three per cent on the Bombay Stock Exchange to trade at Rs 248 at 12 noon.
Welspun Gujarat Stahl Rohren is the flagship company of the $3000 million Welspun Group and the second largest line pipe company in the world.
Speaking on the occasion, B K Goenka, chairman and managing director of Welspun said, “With these new orders, we have once again re-established our capabilities as quality plate manufacturer in both the International and Indian markets."
The company started its activities in 1995 and since then has supplied pipes for some of the most prestigious projects including the world’s deepest pipeline project in the Gulf of Mexico, USA and Keystone Project of Transcanda etc. Welspun’s plate and pipe plants are located in Dahej and Anjar in Gujarat. The company has recently commissioned a pipe mill in Little Rock, Arkansas, US. The manufacturing facilities incorporate the hybrid JCO technology from Mannesmann Demag of Germany (SMS Meer).
