Rs 3,000 crore order book: This multibagger iron & steel company bags new orders worth Rs 872 crore from domestic and international clients!

The stock gave multibagger returns of 155 per cent in just 1 year whereas BSE Industrials Index is up by 82 per cent.

Welspun Corp Limited, a renowned line pipe manufacturer, has recently secured multiple orders for line pipes in India and the USA, with a cumulative value of approximately Rs 872 crore. This series of orders includes a significant contract for supplying concrete-coated LSAW pipes and bends for a critical oil transportation project in the Middle East. These pipes are designed for extreme sour service applications, highlighting the specialized capabilities of Welspun Corp in handling demanding industrial requirements.

The execution of these orders is scheduled for the fiscal year FY25. This achievement underlines Welspun Corp's expert proficiency in the line pipe sector and reinforces its status as a leader in the global market. The company's commitment to delivering high-quality products for complex and critical applications continues to drive its success and expand its footprint in international markets. This series of orders not only showcases Welspun Corp's engineering excellence but also its strategic importance in the global oil and gas infrastructure, playing a crucial role in ensuring the efficient and safe transportation of resources across regions.

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Welspun Corp Limited is a flagship company of the Welspun Group, one of the world's leading line pipe manufacturers. Known for its advanced manufacturing capabilities and innovative approach, Welspun specializes in producing large-diameter pipes used in various industries, including oil and gas. With a strong focus on sustainability and technology, Welspun Corp is committed to providing solutions that meet the stringent requirements of its global clientele. Its products are integral to major infrastructure projects worldwide, making it a key player in the development and maintenance of critical energy and resource transportation systems.

Today, shares of Welspun Corp surged 6.1 per cent to Rs 560.20 per share from its previous closing of Rs 528.20 per share. The company has a market cap of over Rs 14,000 crore and has been maintaining a healthy dividend payout of 36.7 per cent. The company order book as of December 31, 2023, stands at Rs 2,185 crore and including the above order the company book cross Rs 3,000 crore. The stock gave multibagger returns of 155 per cent in just 1 year whereas BSE Industrials Index is up by 82 per cent. Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.