Welspun Corp
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Welspun Corp scheduled a conference call for 21 August 2026 to discuss its largest-ever order win. The call was to be hosted by 360 ONE CM Research at 11am IST, with managing director and chief executive Vipul Mathur and chief financial officer Percy Birdy among the management representatives. The company's consolidated order book stood at ₹25,750 crore on 27 July, after fresh oil and gas export orders worth ₹1,400 crore were added in July. Consolidated revenue was about ₹16,750 crore in FY26, while US line-pipe operations accounted for roughly 45% of steel revenue.
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Welspun Corp scheduled a conference call for 21 August 2026 to discuss its largest-ever order win. The call was to be hosted by 360 ONE CM Research at 11am IST, with managing director and chief executive Vipul Mathur and chief financial officer Percy Birdy among the management representatives. The company's consolidated order book stood at ₹25,750 crore on 27 July, after fresh oil and gas export orders worth ₹1,400 crore were added in July. Consolidated revenue was about ₹16,750 crore in FY26, while US line-pipe operations accounted for roughly 45% of steel revenue.
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Adds share moves in paragraph 1; details in paragraphs 5-6
Aug 21 (Reuters) - Indian steel pipe maker Welspun Corp WGSR.NS has bagged a record $1.8 billion order to supply pipes from its U.S. facility, sending its shares up 12.1% to an all-time high on Friday.
The order highlights strong demand for pipes used in energy and infrastructure projects, while geopolitical tensions have spurred investment in new pipeline networks.
The order, roughly one-third of Welspun's market capitalisation, is scheduled for execution in fiscal years 2028 and 2029, and will lift the company's global order book to a record $4.4 billion, the company said in a statement late Thursday.
Welspun's U.S. manufacturing facility in Arkansas has been central to its North America expansion plans and is positioned to meet demand from oil and gas, LNG export, and hydrogen pipeline projects.
During its first-quarter earnings call, the company's management described U.S. demand as "very buoyant," with LNG export infrastructure and growing power needs from AI-driven data centers as major drivers.
Welspun's shares rose to a record high of 2,246 rupees, as of 10:04 a.m. IST. The stock is up 173.4% year-to-date.
($1 = 95.7000 Indian rupees)
(Reporting by Saikeerthi in Bengaluru; Editing by Sherry Jacob-Phillips and Rashmi Aich)
(([email protected]; (+91) 8296756080))
Adds share moves in paragraph 1; details in paragraphs 5-6
Aug 21 (Reuters) - Indian steel pipe maker Welspun Corp WGSR.NS has bagged a record $1.8 billion order to supply pipes from its U.S. facility, sending its shares up 12.1% to an all-time high on Friday.
The order highlights strong demand for pipes used in energy and infrastructure projects, while geopolitical tensions have spurred investment in new pipeline networks.
The order, roughly one-third of Welspun's market capitalisation, is scheduled for execution in fiscal years 2028 and 2029, and will lift the company's global order book to a record $4.4 billion, the company said in a statement late Thursday.
Welspun's U.S. manufacturing facility in Arkansas has been central to its North America expansion plans and is positioned to meet demand from oil and gas, LNG export, and hydrogen pipeline projects.
During its first-quarter earnings call, the company's management described U.S. demand as "very buoyant," with LNG export infrastructure and growing power needs from AI-driven data centers as major drivers.
Welspun's shares rose to a record high of 2,246 rupees, as of 10:04 a.m. IST. The stock is up 173.4% year-to-date.
($1 = 95.7000 Indian rupees)
(Reporting by Saikeerthi in Bengaluru; Editing by Sherry Jacob-Phillips and Rashmi Aich)
(([email protected]; (+91) 8296756080))
Welspun Corp secured its largest-ever single order, worth approximately USD 1.8 billion or ₹17,200 crore, to supply pipes from its manufacturing facility in the United States. The order was scheduled for execution between FY28 and FY29. With the award, the company’s global order book stood at a record USD 4.4 billion, or about ₹42,100 crore. Consolidated revenue was about ₹16,750 crore in FY26, while the order book had stood at ₹25,750 crore on July 27.
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Welspun Corp secured its largest-ever single order, worth approximately USD 1.8 billion or ₹17,200 crore, to supply pipes from its manufacturing facility in the United States. The order was scheduled for execution between FY28 and FY29. With the award, the company’s global order book stood at a record USD 4.4 billion, or about ₹42,100 crore. Consolidated revenue was about ₹16,750 crore in FY26, while the order book had stood at ₹25,750 crore on July 27.
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Welspun Corp announced a new order for coated line pipes from its Little Rock, USA manufacturing facility, valued at approximately ₹960 crore. The order lifts the company's consolidated global order book to around ₹25,750 crore, or roughly $2.7 billion, which it called the strongest in its history. Scheduled for execution over FY27 and FY28, the order book provides long-term growth visibility. The company said the new award reaffirms robust revenue visibility and capacity utilisation across its plants in both India and the USA.
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Welspun Corp announced a new order for coated line pipes from its Little Rock, USA manufacturing facility, valued at approximately ₹960 crore. The order lifts the company's consolidated global order book to around ₹25,750 crore, or roughly $2.7 billion, which it called the strongest in its history. Scheduled for execution over FY27 and FY28, the order book provides long-term growth visibility. The company said the new award reaffirms robust revenue visibility and capacity utilisation across its plants in both India and the USA.
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July 27 (Reuters) - Welspun Corp Ltd WGSR.NS:
GETS ORDER WORTH 9.6 BILLION RUPEES
Source text: ID:nBSE7CYZ9c
Further company coverage: WGSR.NS
(Reporting by Payel Das)
(([email protected];))
July 27 (Reuters) - Welspun Corp Ltd WGSR.NS:
GETS ORDER WORTH 9.6 BILLION RUPEES
Source text: ID:nBSE7CYZ9c
Further company coverage: WGSR.NS
(Reporting by Payel Das)
(([email protected];))
Welspun Corp has won fresh large orders cumulatively worth ₹1,400 crore for supplying pipes to oil and gas export projects from its India facility. The company’s consolidated global order book now stands at ₹23,650 crore, or about US$2.5 billion. The order book is scheduled for execution over FY27 and FY28, providing strong revenue visibility for the next two fiscal years. The pipe manufacturer had earlier guided for FY27 revenue of ₹20,000 crore and EBITDA of ₹2,850 crore.
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Welspun Corp has won fresh large orders cumulatively worth ₹1,400 crore for supplying pipes to oil and gas export projects from its India facility. The company’s consolidated global order book now stands at ₹23,650 crore, or about US$2.5 billion. The order book is scheduled for execution over FY27 and FY28, providing strong revenue visibility for the next two fiscal years. The pipe manufacturer had earlier guided for FY27 revenue of ₹20,000 crore and EBITDA of ₹2,850 crore.
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March 30 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - RECEIVES LARGE PIPE ORDER FROM US FACILITY VALUED AT 10 BILLION RUPEES
Source text: ID:nBSE1Xcjcv
Further company coverage: WGSR.NS
(([email protected];))
March 30 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - RECEIVES LARGE PIPE ORDER FROM US FACILITY VALUED AT 10 BILLION RUPEES
Source text: ID:nBSE1Xcjcv
Further company coverage: WGSR.NS
(([email protected];))
March 24 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - TRANSFERS 22.0% EQUITY IN EAST PIPES INTEGRATED COMPANY FOR INDUSTRY BETWEEN SUBSIDIARIES
WELSPUN CORP - DEAL VALUE FOR TRANSFER IS SAR 979.90 MILLION
Source text: ID:nBSE8K66Pf
Further company coverage: WGSR.NS
(([email protected];))
March 24 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - TRANSFERS 22.0% EQUITY IN EAST PIPES INTEGRATED COMPANY FOR INDUSTRY BETWEEN SUBSIDIARIES
WELSPUN CORP - DEAL VALUE FOR TRANSFER IS SAR 979.90 MILLION
Source text: ID:nBSE8K66Pf
Further company coverage: WGSR.NS
(([email protected];))
Jan 30 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - DEC-QUARTER CONSOL NET PROFIT 4.53 BILLION RUPEES
WELSPUN CORP - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 45.32 BILLION RUPEES
Further company coverage: WGSR.NS
(([email protected];))
Jan 30 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - DEC-QUARTER CONSOL NET PROFIT 4.53 BILLION RUPEES
WELSPUN CORP - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 45.32 BILLION RUPEES
Further company coverage: WGSR.NS
(([email protected];))
Jan 7 (Reuters) - Welspun Corp Ltd WGSR.NS:
RECEIVES EXPORT ORDER FOR PIPES TO AMERICAS
Source text: ID:nBSE99chT9
Further company coverage: WGSR.NS
(([email protected];;))
Jan 7 (Reuters) - Welspun Corp Ltd WGSR.NS:
RECEIVES EXPORT ORDER FOR PIPES TO AMERICAS
Source text: ID:nBSE99chT9
Further company coverage: WGSR.NS
(([email protected];;))
Dec 8 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - ASSOCIATE CO ANNOUNCES CONTRACT WITH SAUDI WATER AUTHORITY WORTH OVER 485 MILLION SAR
Source text: ID:nBSE3TLb1B
Further company coverage: WGSR.NS
(([email protected];))
Dec 8 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - ASSOCIATE CO ANNOUNCES CONTRACT WITH SAUDI WATER AUTHORITY WORTH OVER 485 MILLION SAR
Source text: ID:nBSE3TLb1B
Further company coverage: WGSR.NS
(([email protected];))
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
Further company coverage: WGSR.NS
(([email protected];;))
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
Further company coverage: WGSR.NS
(([email protected];;))
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
Further company coverage: WGSR.NS
(([email protected];))
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
Further company coverage: WGSR.NS
(([email protected];))
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
Further company coverage: WGSR.NS
(([email protected];;))
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
Further company coverage: WGSR.NS
(([email protected];;))
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
Further company coverage: WGSR.NS
(([email protected];))
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
Further company coverage: WGSR.NS
(([email protected];))
** 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)
** 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)
** 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)
** 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)
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)
(([email protected]; +91 7982114624;))
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)
(([email protected]; +91 7982114624;))
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:]
Further company coverage: WGSR.NS
(([email protected];;))
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:]
Further company coverage: WGSR.NS
(([email protected];;))
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
Further company coverage: WGSR.NS
(([email protected];))
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
Further company coverage: WGSR.NS
(([email protected];))
March 17 (Reuters) - Welspun Corp Ltd WGSR.NS:
RECEIPT OF NEW ORDERS WORTH 24 BILLION RUPEES
Further company coverage: WGSR.NS
(([email protected];;))
March 17 (Reuters) - Welspun Corp Ltd WGSR.NS:
RECEIPT OF NEW ORDERS WORTH 24 BILLION RUPEES
Further company coverage: WGSR.NS
(([email protected];;))
** 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)
(([email protected];))
** 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)
(([email protected];))
Feb 17 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - GETS TWO ORDERS WORTH TOTAL 30 BILLION RUPEES
Source text: [ID:]
Further company coverage: WGSR.NS
(([email protected];;))
Feb 17 (Reuters) - Welspun Corp Ltd WGSR.NS:
WELSPUN CORP - GETS TWO ORDERS WORTH TOTAL 30 BILLION RUPEES
Source text: [ID:]
Further company coverage: WGSR.NS
(([email protected];;))
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:]
Further company coverage: WGSR.NS
(([email protected];))
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:]
Further company coverage: WGSR.NS
(([email protected];))
** 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)
(([email protected]; +91 8697274436;))
** 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)
(([email protected]; +91 8697274436;))
** 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)
** 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)
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
Further company coverage: WGSR.NS
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
Further company coverage: WGSR.NS
** 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)
(([email protected]; +91 8697274436;))
** 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)
(([email protected]; +91 8697274436;))
** 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)
** 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)
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:]
Further company coverage: WGSR.NS
(([email protected];;))
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:]
Further company coverage: WGSR.NS
(([email protected];;))
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What does Welspun Corp do?
Welspun Corp Limited is a global leader in welded line pipe manufacturing, offering solutions in longitudinal and spiral submerged arc welded pipes, as well as high frequency electric resistance welded pipes. The company also provides coating, bending, and double jointing services.
Who are the competitors of Welspun Corp?
Welspun Corp major competitors are APL Apollo Tubes, Jindal Saw, Ratnamani Metal&Tube, Maharashtra Seamless, Aeroflex Industries, Man Industries, Goodluck India. Market Cap of Welspun Corp is ₹60,841 Crs. While the median market cap of its peers are ₹8,496 Crs.
Is Welspun Corp financially stable compared to its competitors?
Welspun Corp seems to be less financially stable compared to its competitors. Altman Z score of Welspun Corp is 5.06 and is ranked 5 out of its 8 competitors.
Does Welspun Corp pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Welspun Corp latest dividend payout ratio is 8.18% and 3yr average dividend payout ratio is 8.94%
How has Welspun Corp allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments
How strong is Welspun Corp balance sheet?
Balance sheet of Welspun Corp is strong. But short term working capital might become an issue for this company.
Is the profitablity of Welspun Corp improving?
No, profit is decreasing. The profit of Welspun Corp is ₹1,405 Crs for TTM, ₹1,613 Crs for Mar 2026 and ₹1,908 Crs for Mar 2025.
Is the debt of Welspun Corp increasing or decreasing?
The net debt of Welspun Corp is decreasing. Latest net debt of Welspun Corp is -₹3,781.31 Crs as of Mar-26. This is less than Mar-25 when it was -₹1,586.98 Crs.
Is Welspun Corp stock expensive?
Yes, Welspun Corp is expensive. Latest PE of Welspun Corp is 26.35, while 3 year average PE is 17.6. Also latest EV/EBITDA of Welspun Corp is 24.98 while 3yr average is 24.08.
Has the share price of Welspun Corp grown faster than its competition?
Welspun Corp has given better returns compared to its competitors. Welspun Corp has grown at ~67.63% over the last 2yrs while peers have grown at a median rate of 21.54%
Is the promoter bullish about Welspun Corp?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Welspun Corp is 49.73% and last quarter promoter holding is 49.73%.
Are mutual funds buying/selling Welspun Corp?
The mutual fund holding of Welspun Corp is decreasing. The current mutual fund holding in Welspun Corp is 9.06% while previous quarter holding is 9.86%.