Welspun Corp. will hold a meeting of the Board of Directors of the Company on 28 January 2021.

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Welspun Corp has redeemed commercial paper of Rs 20 crore on maturity date of 31 December 2020.

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Welspun Corp has received additional orders of approximately 129 KMT valued at Rs 1,200 crore approx.

Out of these orders, approximately 69 KMT would be executed from the company's Saudi facility, including a single order of 45 KMT from Saudi Aramco - one of their most prestigious clients.

These orders bring in clear business continuity for FY22, both in domestic and Saudi market and is a true testimony of our global leadership position and a strong customer connect.

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Out of these orders, approximately 69 KMT would be executed from our Saudi facility, including a single order of 45 KMT from Saudi Aramco. These orders bring in clear business continuity for FY22, both in domestic and Saudi market, the company said in a statement today, 30 December 2020.

Welspun Corp offers pipe solutions with a capability to manufacture line pipes, along with specialized coating, double jointing and bending.

On a consolidated basis, the company's net profit fell 4.1% to Rs 149.24 crore on a 50.8% decline in net sales to Rs 1094.50 crore in Q2 September 2020 over Q2 September 2019.

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