Welspun-Gujarat net rises 94%

Tube and pipe manufacturer Welspun-Gujarat Stahl Rohren Ltd has posted 94.27 per cent rise in its net at Rs 138.21 crore for the first quarter of financial year 2010 as compared to Rs 71.14 crore it posted in the corresponding period last year.

The company's total income increased by 72 per cent at Rs 1883.8 crore in the first quarter as compared to Rs 1096.73 crore it posted in the corresponding quarter last year.

The company's stock was trading at Rs 197.35 ar 3.40 pm, nearly 3.31 per cent lower than Wednesday's close.