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Expect to see similar strong revenue trend in FY20, says Welspun Corp

Updated : November 19, 2018 03:57 PM IST

Welspun Corp is seeing a very robust demand coming into play and the company expects similar trend moving forward in FY19 and 20 because the oil demand and the oil prices are still looking fairly stable, said Vipul Mathur, MD and CEO.

"This demand is coming from all the three geographies -- the US, Saudi Arabia and India. If you see our order book position at this point in time, it is standing at 1.85 million tonne and it is fairly evenly distributed over all the three geographies," said Mathur.

This is clearly a reflection that the buoyant demand is coming back to the market, both in the oil and gas space and in the water space, he said.

"We are present in all the three geographies, we are very well poised to capitalise upon it,” Mathur added.

The company has such a robust order book so it has the ability to pick and choose orders, which are fitting into our profile and which yields the higher margins, Mathur said, adding that the margins in the US and Saudi are going to improve because there is a little bit of a correction in the steel price.
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