Welspun Corp Ltd secured a ₹1,950 crore export order for LSAW pipes, raising its total order book to ₹19,300 crore.
The share price of Welspun Corp Ltd jumped over 1% on Wednesday as the company bagged a major export order. Reacting to this development, the stock jumped to an intraday high of ₹767.5 from its previous close of ₹758.5.
In the last 12-month period, the stock price of Welspun Corp Ltd has jumped over 30%. On a YTD basis, the stock is down by 7%, while in the longer term of a 3-year period, it has logged 282% returns
Welspun Corp Ltd announced today, May 7, 2025, receiving a prestigious export order for the supply of Coated LSAW line pipes and bends from India. The order is worth ₹1,950 crore. This significant development further bolsters the company's order book.
In addition to this export win, Welspun Corp also disclosed that since its last announcement on February 5, 2025, it has secured additional orders for its India pipes facility amounting to a cumulative value of ₹1,950 Crore. These new orders, combined with the existing backlog, have elevated the company's current consolidated global order book to approximately ₹19,300 Crore. The company anticipates that these recently acquired orders will be executed over the financial years 2026 and 2027.
On April 11, the company completed the sale of 10% equity shares of its subsidiary, Nauyaan Shipyard Private Limited (NSPL), to Nauyaan Tradings Private Limited, a wholly-owned subsidiary of Reliance Strategic Business Ventures Limited.
The consideration for this sale was ₹51.72 crores, subject to potential adjustments for expenses incurred by Welspun Corp and the net current assets of NSPL. Furthermore, NSPL repaid ₹2.91 crores of dues to Welspun Corp. Following the completion of this transaction, Welspun Corp retained a balance of 16% equity stake in Nauyaan Shipyard Private Limited.
Welspun Corp Limited is one of the largest manufacturers of large diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated)
Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products, to expand its building materials portfolio. It has also made a strategic acquisition of specified assets of ABG Shipyard. The company ranks among the top 3 line pipe manufacturers globally and is one of the largest producers of large-diameter SAW/ERW pipes worldwide.
Disclaimer: The article is for informational purposes only and not investment advice.
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