Welspun Corp bags Rs 706 crore order from IOCL

Welspun Corp Ltd (WCL), one of the largest welded line pipe manufacturers and the flagship company of Welspun Group, has received an order from Indian Oil Corporation Limited (IOCL) of approximately 48,000 MT, valued at Rs 706 crore. The order will be executed during the current financial year, the company said.

The IOCL order is for a large section of the Mundra Panipat Crude Oil Pipeline (P25) Project which will be constructed to augment the crude oil intake for lOCL’s Panipat refinery expansion project. This project entails setting up of a new crude oil pipeline system with a capacity of 17.5 million tonnes per annum (MTPA) from the port city of Mundra in Gujarat to Panipat refinery in Haryana.