Welspun Corp Bags Record 1.8B Pipe Order
Indian steel pipe maker Welspun Corp has secured a record 1.8 billion dollar order from its United States facility. The major deal pushes its shares to an all-time high and lifts its global order book to 4.4 billion dollars.
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WELSPUN CORP LTD secured a record $1.8B pipe supply order from its United States facility, lifting its shares 12.1% to an all-time high on Friday morning. The deal expands the steel pipe maker's global order book to a record $4.4B. The contract amounts to roughly one-third of the company's total market capitalization.
