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Last Updated : Mar 11, 2020 10:45 AM IST | Source: PTI

Welspun Corp bags offshore pipes supply contract in Australia

"Welspun Corp has secured a major offshore pipes supply contract in Australia for the Barossa offshore Development project from Allseas Marine Contractors Australia PTY Ltd," the company said in a filing to BSE.

 
 
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Welspun Corp on Wednesday said it has bagged a major offshore pipes supply contract for a project in Australia from Allseas Marine Contractors. The project is owned by a joint venture, which comprises ConocoPhillips Australia, SK E&S Australia and Santos Offshore.

"Welspun Corp has secured a major offshore pipes supply contract in Australia for the Barossa offshore Development project from Allseas Marine Contractors Australia PTY Ltd," the company said in a filing to BSE.

The contract scope comprises manufacturing and supply of pipes for critical offshore application.

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With this recent order, which will be executed from India, the company's global order book stands at 1,139 kilometre-tonne (kmt) after considering order execution up to February 2020.

The shares of Welspun Corp were trading at Rs 101.65 a piece on BSE, down 18.29 percent from the previous close.

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First Published on Mar 11, 2020 10:41 am
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