Welspun Corp shares gain after US arm wins record $412.5 million contract; Order book at new high - CNBC TV18

Welspun Corp has seen its stock price rise following a significant business development involving its American operations. The company's US-based subsidiary recently secured a substantial contract valued at $412.5 million. This specific deal involves the supply of HFIW pipes, marking a record for the entity. Consequently, the firm's total global order book has expanded to reach an unprecedented level of $4.7 billion. This milestone represents the highest volume of pending orders in the company's history, reflecting strong demand for its industrial products in the international market.