Welspun bags order of rs 1049 cr for supply of pipe lines

By Staff
|
Google Oneindia News

Mumbai, Jan 22 (UNI) Welspun Gujarat Stahl Rohren Limited, a flagship company of the USD one billion Welspun Group of India, has bagged prestigious orders worth Rs 1049 Crores (USD 235 mn) for the supply of pipe lines for critical Oil and Gas Applications.

These orders take Welspun's order book position to over Rs 3500 Crore (USD 785 million) including the orders executed in 2007. These orders have enabled Welspun to be booked for over 1 year. The new overseas order is an evidence of Welspun's unique dominance of the burgeoning international market having huge potential.

In a statement here today, Welspun Group- Vice Chairman&MD, Mr B K Goenka said,''To have such a privileged positioning globally is a sign of honor for Welspun and we look forward to a successful and mutually beneficial relationship in the years to come. These significant orders of considerable value from reputed international players, is a matter of pride for Indian company and we owe these to our credo of Engineering Excellence.'' UNI AR PM SKB1600

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