Hot Pursuit     02-Jul-24
Welspun Specialty rallies on emerging as L-1 bidder for Rs 117-cr project
Welspun Specialty Solutions surged 5.62% to Rs 43.60 after the company emerged as L-1 (lowest) bidder by Bharat Heavy Electricals (BHEL) for Rs 117.17 crore.
The project includes supply of stainless steel boiler tubes for NTPC Talcher 2 x 660 MW Super critical Thermal Power Project.

The project expected to be executed by December 2024. The contract value is Rs 117.17 crore.

Welspun Specialty Solutions is primarily engaged in the business of manufacture and distribution of steel and steel products and revenue from such products is derived from transfer at a point in time which is shown under sale of products.

The company reported standalone net profit of Rs 40.03 crore in Q4 FY24, steeply higer than Rs 8.06 crore recorded in Q4 FY23. Revenue from operations increased 9.8% YoY to Rs 151.27 crore in Q4 FY24.

Previous News
  Welspun Specialty Solutions reports standalone net loss of Rs 9.08 crore in the December 2021 quarter
 ( Results - Announcements 09-Feb-22   14:41 )
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 ( Results - Announcements 16-May-19   15:27 )
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 ( Corporate News - 03-Feb-18   13:52 )
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  RMG Alloy Steel reports net loss of Rs 14.15 crore in the March 2014 quarter
 ( Results - Announcements 28-May-14   08:04 )
  Welspun Specialty Solutions schedules board meeting
 ( Corporate News - 19-Jan-24   14:12 )
  RMG Alloy Steel reports standalone net loss of Rs 16.34 crore in the December 2016 quarter
 ( Results - Announcements 16-Feb-17   16:14 )
  Welspun Specialty Solutions standalone net profit rises 396.65% in the March 2024 quarter
 ( Results - Announcements 26-Apr-24   16:44 )
  RMG Alloy Steel schedules AGM
 ( Corporate News - 12-Sep-18   09:38 )
  Welspun Specialty Solutions standalone net profit rises 309.14% in the March 2023 quarter
 ( Results - Announcements 24-May-23   16:42 )
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