Welspun Corp Wins US Pipe Order; Stock Jumps 3.5%

Shares of Welspun Corp Ltd surged 3.5% to hit a day’s high of Rs 849.95 on 30th March. This came after the company announced it had secured an order worth Rs 1,000 crore.

Welspun Corp Ltd said the large order is for the supply of pipes from its US facility.

With this, the company’s total global order book has reached Rs 24,700 crore (around $2.6 billion). This gives strong business visibility across India and US operations.

The current order book is expected to be executed over FY26, FY27, and FY28.

Separately, the company’s subsidiaries — Welspun Mauritius Holdings Ltd and Welspun Pipes Inc — completed an internal transfer of a 22% stake in East Pipes Integrated Company (EPIC).

The deal involved 69.3 lakh shares and was carried out on the Tadawul Stock Exchange for about Rs 2,450 crore. After this transfer, EPIC will now be an associate of Welspun Pipes Inc instead of Welspun Mauritius Holdings Ltd.

At 11:56 AM, shares of Welspun Corp were trading 0.78% higher at Rs 823.75 on the NSE.

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