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Tuesday, March 25, 2008

Welspun-Gujarat bags Rs 1,075-cr order

Metal pipe manufacturer Welspun-Gujarat Stahl Rohren (WGSRL) has bagged a Rs 1,075-crore order for the supply of pipes in Northern Africa. The firm's new pipeline order has taken its order book position to over Rs 5,900 crore. Welspun's accreditation's from oil and gas firms across the world has resulted in bagging new orders which has further reinstated its position as one of the largest and premium line pipe company in the world.

The company has recently started a trial production of its Plate-cum-coil mill (backward integration) for producing widest plate of 4.5 meters in Gujarat. The plate mill would have an annual capacity of 1.5 metric tonnes per annum (MTPA) and is likely to commence commercial operations in Q1FY09. Further its 300,000 tonne pipe mill project in US is likely to be commissioned by August 2008.

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