Welspun Corp today announced that its orders on hand have crossed the Rs 10,000-crore mark. With orders worth Rs 819 crore won in the last few weeks, the company’s order book today stands at Rs 10,000-crore, Welspun said in an announcement to the stock exchanges.
On June 22, the company had said its order book was Rs 9,185 crore.
The company has however mentioned that the size of the order book does not exclude jobs executed in the first quarter of the current year.
Welspun Corp, the flagship company of the Welspun group of Gujarat, manufactures pipes for various applications.
In 2011-12, Welspun Corp achieved a turnover of Rs 5,770 crore, on which it made a net profit of Rs 65 crore. In the first quarter of the current year, Welspun Corp achieved a turnover of Rs 748 crore compared with Rs 548 crore in the same period last year. Its net profit was Rs 37.7 crore, more than twice as much as in the first quarter of last year (Rs 18 crore).
On the BSE, the Welspun Corp share is trading at around Rs 104.40.