WELCORP

** Building materials manufacturer Welspun Corp WGSR.NS rises 9.9% to 894.1 rupees after Q4 results

** Stock set for best day in three years, if gains hold

** Co's projects revenue growth of 25% in FY26, benefiting from demand for oil, water and hydrogen pipelines

** Revenue declines 19.4% in FY25 and 12.7% in Q4

** Still WGSR's profit more than doubles to 6.98 bln rupees ($81.50 million) from 2.68 bln rupees a year ago, benefiting from fewer costs amid lower sales

** With session's gains, WGSR up 48.6% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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April 15 (Reuters) - India has launched an auction of three coal bed methane blocks and 55 small discovered fields for exploration and production, said Pallavi Jain Govil, head of upstream regulator Directorate General of Hydrocarbons, on Tuesday at an event in Delhi.
Two of the coal bed methane blocks are in the state of West Bengal and one in the western state of Gujarat.
India also signed contacts for oil and gas blocks, offered under a licensing round earlier this year, Govil said, as the world's third largest oil consumer seeks to boost its local output.

The country imports over 80% of its over 5 million barrels per day of oil needs.
India's top explorer Oil and Natural Gas Corp ONGC.NS signed contracts for exploration of 11 blocks, while Oil India OILI.NS signed for six blocks.
ONGC also signed an exploration contract for one block in tie up with BP BP.L and Reliance Industries RELI.NS, and teamed up with Oil India for three blocks.
Vedanta VDAN.NS signed contracts for seven blocks and Hindustan Oil Exploration Company HOEX.NS for one block.

(Reporting by Nidhi Verma in New Delhi; Editing by Shinjini Ganguli)

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April 10 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - SALE OF FURTHER 10% EQUITY SHARES OF NAUYAAN SHIPYARD TO NAUYAAN TRADINGS

• WELSPUN CORP - SALE CONSIDERATION OF 517.2 MILLION RUPEES

Source text: [ID:]

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March 21 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - APPROVES VOLUNTARY DELISTING FROM CALCUTTA STOCK EXCHANGE

• WELSPUN CORP - TO REMAIN LISTED ON BSE AND NSE

Source text: ID:nBSEbP80XN

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March 17 (Reuters) - Welspun Corp Ltd WGSR.NS:

• RECEIPT OF NEW ORDERS WORTH 24 BILLION RUPEES

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** Shares of Welspun Specialty Solutions WELU.BO rise 4.4% to 31.30 rupees after a five-session losing streak

** Steel products maker says declared lowest bidder to supply 4,050 tons of stainless steel seamless boiler tubes to Bharat Heavy Electricals BHEL.NS

** Says total contract value 2.32 bln rupees ($26.6 mln)

** WELU down ~25% so far in 2025 after gaining 12.9% last year

($1 = 87.0800 Indian rupees)

(Reporting by Vijay Malkar)

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Feb 17 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - GETS TWO ORDERS WORTH TOTAL 30 BILLION RUPEES

Source text: [ID:]

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Feb 5 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP Q3 CONSOL NET PROFIT 6.75 BILLION RUPEES

• WELSPUN CORP Q3 CONSOL REVENUE FROM OPERATIONS 36.14 BILLION RUPEES

• WELSPUN CORP - APPROVES SALE OF SHARES HOLDING 19% STAKE IN WELASSURE TO RAKSHAK SECURITAS

• WELSPUN CORP - TO INVEST 2.50 BILLION RUPEES IN ITS UNIT, WELSPUN SPECIALTY SOLUTIONS

Source text: [ID:]

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** Shares of Welspun Corp WGSR.NS rise as much as 6.1% to 776 rupees

** The pipes and bars maker signs an MoU with Saudi Aramco 2223.SE to establish 350 KMTPA greenfield LSAW pipe facility in the Kingdom of Saudi Arabia

** Stock set to rise most in a day since Nov 25, if gains hold

** WGSR stock gained 48.5% in 2024

(Reporting by Anuran Sadhu in Bengaluru)

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** Indian metal stocks .NIFTYMET climb 1.6% to one month high, set to snap six-session losing streak

** Index is top sectoral gainer, with 12 of 15 members higher

** India's Directorate General of Trade Remedies starts safeguard probe on imports of non-alloy and alloy steel flat products

** Tata Steel TISC.NS up 3.2% and JSW Steel JSTL.NS ~2%

** The duo could benefit most from a safeguard duty, says Investec

** YTD, metals index gains 12.5% vs Nifty 50's .NSEI ~10% rise

(Reporting by Kashish Tandon in Bengaluru)

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Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP- EXPANSION AT LITTLE ROCK FACILITY IN USA

• WELSPUN CORP- UPGRADE AT PIPE FACILITY EXPECTED TO BE COMPLETED BY MARCH 2026

Source text: ID:nBSE8plnbd

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** Welspun's shares WGSR.NS rise as much as 4.4% to record high of 824.5 rupees, last up 2.3%

** Pipes and bars maker wins two large orders; no financial disclosed

** More than 1.5 mln shares traded, 1.9x 30-day moving avg

** WGSR has been above its 200-day SMA since June

** Stock set to rise for a third straight quarter and has gained ~47% YTD

(Reporting by Anuran Sadhu in Bengaluru)

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** Welspun WGSR.NS down 5.6% to 731 rupees, biggest one-day drop in more than five months

** Pipes and bars maker posts 25% drop in Q2 profit on sluggish domestic demand for its steel bars amid slump in construction activity

** Still, WGSR trading above 50-, 100-, 200-day moving avg

** Stock trims YTD gains to 41%

(Reporting by Aleef Jahan in Bengaluru)

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Nov 8 (Reuters) - Welspun Corp Ltd WGSR.NS:

• SEPT-QUARTER CONSOL NET PROFIT 2.87 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 33.02 BILLION RUPEES

• TO INCREASE DI PIPES CAPACITY WITH INVESTMENT OF UP TO $200 MLN

• APPROVED INVESTMENT OF UPTO 3.01 BLN RUPEES FOR NEW PLANT AT ANJAR

Source text: [ID:]

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Nov 4 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - RECEIPT OF TWO ORDERS IN USA, CUMULATIVELY VALUED AT 13 BILLION RUPEES

• WELSPUN CORP - EXECUTION OF THESE ORDERS WILL BE DURING FY26

Source text: ID:nBSEVp8Rn

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Oct 1 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP- GOT ORDER WORTH 24 BILLION RUPEES

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** India's Nifty Metal index .NIFTYMET rises as much as 1.98% to record high of 10,263.65

** NIFTYMET set to gain for seventh straight session

** NMDC NMDC.NS, Welspun Corporation WGSR.NS, APL Apollo Tubes APLA.NS lead pct gains in index, rising 3.8%, 3.2% and 2.5%, respectively

** Index heavyweights Tata Steel TISC.NS up 1.1%, JSW Steel JSTL.NS rises 2.5% and Hindalco HALC.NS adds 1.2%

** Index boosted by higher global metal prices and China's planned stimulus to boost its economy MET/L

** Stocks rising on hopes that China stimulus will increase demand and add profit margins for Indian metal cos

** Index up ~8% since China announced stimulus

** NIFTYMET up ~28% YTD vs ~19% gains in NIFTY 50 Index .NSEI

(Reporting by Vijay Malkar)

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** Shares of Welspun Corp WGSR.NS rise as much as 3.3%, last up 2.8% to 650.75 rupees

** Co says its associate co signed contracts worth 5.25 bln rupees ($62.6 million) with EPC contractors

** Steel pipes maker will report Q1 results later in the day

** Stock on track to rise in four out of five straight sessions if trend holds

** WGSR up 18.6% YTD, rival Jindal SAW JIND.NS up 50.7%

($1 = 83.9357 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Welspun Specialty Solutions WELU.BO up 13.6% at 42.98 rupees

** Steel products maker wins bid for 1.17 billion rupee ($14 mln) steel tube order

** Stock set for best day since Aug. 1, 2023, if gains hold

** Around 1.7 mln shares traded, 6.8x 30-day avg volume

** Stock extends YTD gains to 8%

($1 = 83.5225 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Welspun Corp WGSR.NS down around 8% to 550 rupees

** Pipes and building material maker expects FY25 revenue and EBITDA to fall around 2% and 6% respectively

** Stock set for its worst day in two years, if trend holds

** Nearly 2.5 mln shares change hands by 12:50 p.m. IST, around 3x their 30-day avg

** Session's drop erases YTD gains, WGSR now up around 0.5% in 2024

($1 = 83.3275 Indian rupees)

(Reporitng by Nishit Navin)

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** Shares of Hi-Tech Pipes HITC.NS down as much as 6.6% to 116.30 rupees; last down 3%

** The steel processing company on Friday reported a near 30% Y/Y fall in its March-qtr consolidated profit to 111.3 mln rupees ($1.3 mln)

** Net revenue from operations fell 3% Y/Y

** Expects a boost in infrastructure spending by the government of India post-election, further driving demand for steel pipes - HITC

** Including session's move, stock is up 5% YTD, while rivals Welspun Corp WGSR.NS and Steel Authority of India SAIL.NS are up 6.2% and 24%, respectively

($1 = 83.5260 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of pipe maker Welspun Corp WGSR.NS up 2.2%

** Stock rose as much as 4.5% to day's high of 586.55 rupees

** Co receives letter of award worth 6.11 bln rupees ($73.4 mln) for the supply of LSAW pipes, along with coating and bends, in the Latin American region

** The execution of this contract shall be done in FY25 - Welspun

** Stock on track for a third consecutive session of gains, if trend holds

** More than 975,000 shares change hands by 2:01 p.m. IST, 1.9x the 30-day avg

** Including session's gain, stock is up 4.6% YTD

($1 = 83.2876 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Adds Nifty metal index in last bullet

** Shares of Hindustan Copper HCPR.NS jump as much as 8.2% to 394 rupees, highest since Nov. 15, 2010

** Stock last up 4%, with trading vol 2x the 30-day avg, set for second consecutive session of gain

** Reuters could not immediately ascertain the reason for stock move

** Separately, three-month copper CMCU3 on the London Metal Exchange hit a two-year high on Friday MET/L

** HCPR has been trading above its 100-day and 200-day moving averages since last May

** Stock has jumped 38.3% YTD vs 0.7% and 47.9% rise in peers Hindalco HALC.NS and Vedanta VDAN.NS, respectively

** Nifty metal index .NIFTYMET up 0.3% on the day, led by 2.7%-4.7% gains in Hindustan Zinc HZNC.NS, Jindal Stainless JIST.NS and Welspun WGSR.NS as global metal prices rise

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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March 27 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP LTD - UNIT SINTEX FINALISES INVESTMENT FOR NEXT GROWTH PIPELINE IN MULTIPLE STATES

• WELSPUN CORP LTD - PROPOSED INVESTMENT IS FOR MANUFACTURING PLASTIC PIPES AND WATER STORAGE WITH A TOTAL CAPACITY OF ABOUT 200,000 MT

• WELSPUN CORP LTD - UNIT HAS FINALISED AN INVESTMENT OF UPTO 23.55 BILLION RUPEES TO SET UP MANUFACTURING UNITS

• WELSPUN CORP LTD - INVESTMENT WILL BE SPREAD OVER NEXT TWO FINANCIAL YEARS STARTING FROM FY25 TO FY26

• WELSPUN CORP LTD - INVESTMENT WILL BE FUNDED THROUGH A COMBINATION OF DEBT AND EQUITY

Source text for Eikon: ID:nNSEnCPZP

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BENGALURU, March 22 (Reuters) - Indian steel pipes maker Welspun Corp WGSR.NS said on Friday its associate firm, East Pipes Integrated Company for Industry, and Saudi Arabia's oil giant Aramco 2222.SE have mutually terminated a contract worth 3.39 billion rupees ($40.6 million).

Welspun's unit had bagged the contract for manufacturing and supply of steel pipes for a duration of eight months in January.

The deal represented 3% of the total value of contracts announced by Aramco for Welspun in the financial year 2023-24, which amounts to about 98 billion rupees.

Welspun did not disclose the reason for the cancellation of the contract, but said it would not affect its operating plans.

The company had in February posted a more than twelve-fold jump in its third-quarter consolidated profit, including earnings from its units, helped by strong demand for its pipes across sectors.

($1 = 83.4790 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Shilpi Majumdar)

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BENGALURU, Feb 6 (Reuters) - Indian steel pipes maker Welspun Corp WGSR.NS reported an over twelve-fold jump in third-quarter profit on Tuesday, as strong demand for its pipes across sectors more than offset a surge in costs.

Steel consumption in India, the world's second-biggest crude steel producer, jumped during the period, reflecting buoyant demand in one of the world's fastest growing economies as pre-election spending by the government remained strong.

Welspun reported a strong surge in demand for its pipes - used for gas pipelines, irrigation and infrastructure - and forecast higher demand in the near-term on the back of sustained government spending.

The company reported a consolidated net profit of 2.92 billion rupees ($35.2 million) for the quarter ended Dec. 31, compared to 232.4 million rupees last year.

Prices of steel products ticked up in October and November as Indians celebrated a delayed festive season, following lacklusture prices as cheap imports from countries like China surged.

The company - which makes line steel pipes in the United States and Saudi Arabia - reported a near-98% jump in revenue from operations at 47.50 billion rupees.

However, its expenses also surged to 44.39 billion rupees from 26.87 billion rupees.

Welspun's results contrast rival APL Apollo Tubes APLA.NS, which reported a 2% drop in profit as the company de-stocked its products in anticipation of lower price corrections.

Shares of Welspun rose 4.7% after the results, but closed just 0.2% higher. For the reporting period, the shares rose 39%.

($1 = 83.0240 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Varun H K)

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** India's Nifty metal index .NIFTYMET rises 1.2%, boosted by ~3% rise in Hindalco HALC.NS

** Sub-index up as global metal prices appreciate on hopes that China - world's top metals consumer - will offer support for its stock markets MET/L

** Aluminium producer Hindalco was top gainer in the sub-index and among top gainers in Nifty 50 .NSEI; global aluminium prices edged up on supply concerns from Russia

** HALC on track to log biggest gain so far this year

** National Aluminium Co NALU.NS, Steel Authority of India SAIL.NS, Hindustan Copper HCPR.NS, Vedanta VDAN.NS and NMDC NMDC.NS gained between 2.8% and 5.3%

** Analysts' average rating on eight of the 15-member index is equivalent of "buy;" Three stocks- SAIL, VDAN and JSW Steel JSTL.NS rated "hold," Hindustan Zinc HZNC.NS rated "sell" - LSEG IBES data

** No ratings available on Adani Enterprises ADEL.NS, Hindustan Copper HCPR.NS; Four analysts rate Welspun Corp WGSR.NS "buy" or above

(Reporting by Manvi Pant)

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** Shares of Welspun Corp WGSR.NS rise as much as 4.6% to hit all-time high of 596.40 rupees; last up 1.3%

** WGSR's associate, East Pipes Integrated Company for Industry (EPIC), won orders worth ~30 bln rupees ($360.8 mln) in Saudi Arabia

** Stock on track for four consecutive session of gains, has gained 9% so far this week

** WGSR on track for eleventh straight month and fourth straight qtr of gains

** Stock surged more than 131% in 2023, its third consecutive yearly rise

($1 = 83.1450 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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Jan 12 (Reuters) -

• INDIA INVESTOR SUMMIT: WELSPUN EXEC SAYS TO INVEST 400 BILLION RUPEES IN GUJARAT IN 5 YRS FOR GREEN ENERGY, GREEN AMMONIA, PLASTICS BUSINESS, TEXTILES

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** Shares of Hi-Tech Pipes HITC.NS up 2% at 121.2 rupees

** Stock on track to rise for fourth straight session, if trend holds
** Co says Q3 sales volume rose 8% YoY

** Stock touched fresh record high of 124.25 rupees before paring some of the gains

** More than 4.2 mln shares change hands, 2.7X the 30-day moving average

** Stock climbed for the fourth straight year in 2023, rising 40%

** Shares of rivals Welspun Corp WGSR.NS and Steel Authority of India SAIL.NS outpaced HITC's growth last year, while Tata Steel TISC.NS rose 25%

(Reporting by Varun Vyas)

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