Notwithstanding the sudden meltdown in crude oil prices in the international market, Welspun Corp Ltd on Monday said the company has no impact whatsoever on its current order book which stands at Rs 8,484 crore.
Crude oil prices plunged nearly 30 per cent to USD 32.11 per barrel after top exporter Saudi Arabia launched a price war in response to a failure by leading producers to strike a deal to support energy markets.
In a regulatory filing the company said that the sudden meltdown in the oil prices in the international market was due to certain geo-political realignment.
“We wish to clarify that the company has no impact whatsoever on its current order book which stands at 1,052 KMT valued at Rs 8,484 crore,” the filing noted.
