Rs 19,553 Crore Order Book: Iron & Steel Company Receives Repeat Export Order for Supply of 50 Kms of LSAW Pipes and Bends
The stock has given multibagger returns of 107 per cent from its 52-week low of Rs 469 per share and over 1,200 per cent in 5 years.
On Thursday, shares of Welspun Corp Limited surged 6.8 per cent and made a new 52-week high of Rs 973 per share from its previous closing of Rs 911.45 pr share. The shares of the company saw a spurt in volume by more than 1.20 times on the BSE.
Welspun Corp Limited has secured a repeat export order for 50 kms of LSAW Pipes and Bends, complete with anti-corrosion and CWC coating, destined for a crucial offshore project in the Middle East. This award highlights Welspun Corp's dedication to advanced technology, stringent quality control, and a proven history of meeting sour service demands, solidifying its standing as a reliable global partner for critical ventures. In addition to this, since May 7, 2025, the company's India pipes facility has garnered extra orders totalling approximately Rs 450 crore, which are slated for execution in FY26 and FY27.
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About The Company
Welspun Corp Limited is a flagship company of the Welspun Group, one of the world's leading line pipe manufacturers. Known for its advanced manufacturing capabilities and innovative approach, Welspun specialises in producing large-diameter pipes used in various industries, including oil and gas. With a strong focus on sustainability and technology, Welspun Corp is committed to providing solutions that meet the stringent requirements of its global clientele. Its products are integral to major infrastructure projects worldwide, making it a key player in the development and maintenance of critical energy and resource transportation systems.
The company has a market cap of over Rs 25,000 crore and has been maintaining a healthy dividend payout of 27.3 per cent. The company's order book stands at Rs 19,553 crore as of March 31, 2025. The stock has given multibagger returns of 107 per cent from its 52-week low of Rs 469 per share and over 1,200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.