Welspun Speciality Solutions Stock Up 17% On Rs 117 Cr Order From BHEL
Welspun Speciality Solutions participates in the said tender after stringent assessment and subsequent approval by both BHEL and NTPC
Stocks of Welspun Speciality Solutions rose over 17 per cent in the Monday trading session after the PSU firm Bharat Heavy Electricals (BHEL) rewarded it with an order worth Rs 117 crore.
Welspun Speciality Solutions stock traded at Rs 42.41 with 12.11 per cent gain in the afternoon session on the Bombay Stock Exchange (BSE).
“We are pleased to inform that Welspun Specialty Solutions has been notified as L1 bidder by BHEL (Trichy) for supply of seamless stainless steel Boiler tubes for National Thermal Power Corporation (NTPC) Talcher 2 x 660 MW Super critical Thermal Power Project,” stated Welspun Speciality Solutions in an exchange filing.
The exchange filing also highlighted that Welspun Speciality Solutions had participated in the said tender after stringent assessment and subsequent approval by both BHEL and NTPC.
In the quarter ended March, Welspun Specialty's net profit stood at Rs 40 crore, up from Rs 8 crore in the year-ago period. The company's revenue from operations came in at Rs 151.1 crore, rising from Rs 137.8 crore recorded a year ago.
