Welspun Corp shares rallied as much as 4.49%, touching an intraday high of Rs 2,813 during Friday’s trading session after the company announced that its wholly owned US subsidiary, Welspun Tubular LLC, had secured its largest-ever order for High-Frequency Induction Welded (HFIW) pipes.
The order, valued at approximately $412.5 million (around Rs 4,000 crore), is the largest in the company’s history in terms of volume, length and value. The pipes will be manufactured at Welspun’s newly upgraded HFIW mill in Little Rock, USA, which has enhanced production capabilities.
