The stocks of Welspun Corp jumped by 2.65% to ₹ 254.05 as the organization declared that it is securing a sizeable order for the US project Carbon Capture Pipeline.
The order includes a supply of approximately 100,000 MT or 785 miles, i.e.,1,256 km of high-frequency induction welding pipes (HFIW). These will be used for transporting captured carbon dioxide. The Little Rock Plant of the Welspun Corp in the US will be producing the pipes for this order, which will be executed in the next financial year of 23-24 respectively.
It mentioned in a statement, “Our strong supply track record has positioned both Welspun’s Helical Submerged Arc Welded (HSAW) and High-Frequency Induction Welding (HFIW) plants as the top facilities in the North American market.”
Welspun Corp Limited is the second largest manufacturer of large diameter pipes in the world based in Mumbai, Maharashtra, offering a one-stop service in end-to-end pipe solutions. Welspun corporate share price has increased impressively with this significant growth in the business.
