WELCORP

Sept 26 (Reuters) - Welspun Corp Ltd WGSR.NS:

• GETS NEW EXPORT ORDER FOR OIL & GAS PIPES

• RECEIVED ADDITIONAL ORDERS VALUED AT 16 BILLION RUPEES FOR INDIA LINE PIPE FACILITY

Source text: ID:nBSE13sYSm

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Aug 22 (Reuters) - Welspun Corp Ltd WGSR.NS:

• SELLS REMAINING 6.1% STAKE IN NAUYAAN SHIPYARD

• SALE CONSIDERATION AT 453.2 MILLION RUPEES

Source text: ID:nBSE99Drvw

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July 29 (Reuters) - Welspun Corp Ltd WGSR.NS:

• JUNE-QUARTER CONSOL NET PROFIT 3.5 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 35.51 BILLION RUPEES

Source text: ID:nNSE88jxVJ

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July 23 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP LTD - SALE OF 9.9% EQUITY STAKE IN NAUYAAN SHIPYARD PRIVATE LIMITED

• WELSPUN CORP LTD - SOLD 9.9% EQUITY IN NSPL FOR 547 MILLION RUPEES

Source text: ID:nNSE5S8nhD

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** Shares of Welspun Corp WGSR.NS jump 4.3% to 952 rupees

** Pipe maker receives repeat export order for 50 km of pipes and bends for Middle East offshore project

** India unit has received 4.5 billion rupees ($52.4 million) of orders since May 7 - WGSR

** Over 1.7 million shares traded, 1.2x 30-day moving avg

** Stock up 16.6% YTD

($1 = 85.9310 Indian rupees)

(Reporting by Rudra Pratap Singh in Bengaluru)

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** 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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Aug 7 (Reuters) - Welspun Corp Ltd WGSR.NS:

• ACQUISITION OF 100% OF SECURITIES ISSUED BY WEETEK PLASTIC

• COST OF ACQUISITION AT ENTERPRISE VALUE OF WPPL AT 850 MILLION RUPEES

Source text for Eikon: ID:nNSEgSwPS

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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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** Shares of pipe maker Welspun Corp WGSR.NS rise 4.6% to 552.90 rupees

** Co gets multiple line pipe orders worth 8.72 billion rupees (nearly $105 million) since last disclosure on March 22

** WGSR on track to snap four day losing streak

** Stock had lost ~6% in March-qtr after posting three straight quarterly gains

** More than 454,000 shares change hands, nearly same as the 30-day avg

** Stock up ~1% YTD, had more than doubled in 2023 for best yearly gains since 2009

($1 = 83.4175 Indian rupees)

(Reporting by Dimpal Gulwani 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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** Shares of Welspun Corp WGSR.NS up 2.4% at 536.8 rupees

** Pipe maker says it won line pipe orders cumulatively worth 20.39 bln rupees ($244.7 mln)

** Stock climbed as much as 3.9% before trimming some gains

** Stock on track to rise in third straight session, if trend holds

** Stock set for best week since late January

** Avg rating of four analysts is "buy"; avg PT is 662 rupees - LSEG data

($1 = 83.3380 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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