Welspun-Guj bags Rs 1,049cr overseas pipes orders

New Delhi, Jan 22: Welspun-Gujarat Stahl Rohren Ltd today securedRs 1,049 crore orders from overseas companies to supply line pipes forcritical oil and gas applications.

The orders take the company's order book position to over Rs 3,500crore including those executed in third quarter of fiscal 2007.

''To have such a privileged positioning globally is a sign ofhonour for Welspun and we look forward to a successful and mutuallybeneficial relationship in the years to come,'' Welspun Group ViceChairman and Managing Director B K Goenka said.

With the orders, the company is booked for over one year.

The company also said it has been short-listed for projects over one billion dollars, which shall enable a strong growth.

Some of its key pipe supplies in recent past were for PGN, Indonesia, Stroy Transgas, Algeria, Saudi Aramco, NIGC Iran, etc.

It has also supplied large diameter pipes with heavy wall thickness to Iran and Gulf of Mexico.

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