Apr 19, 2018 02:51 PM IST | Source: Moneycontrol.com

Welspun Corp jumps 7% on contract for supply of pipes in MENA region

Its current order book stood at an all-time high of 1,605 KMTs valued at Rs 10,240 crore.

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Welspun Corp share price rallied 7 percent intraday Thursday on bagging a contract for supply of pipes for a water project in the MENA region.

The company said it has received a contract for supply of 114 K MTs of large diameter pipes for a water project in the Middle East and North Africa region (MENA).

With this addition, its current order book stood at an all-time high of 1,605 KMTs valued at Rs 10,240 crore.

At 14:42 hours IST, the stock price was quoting at Rs 149.70, up Rs 6.75, or 4.72 percent on the BSE.