Welspun Corp share price jumped over 17% to a 52-week high on Friday, after the company secured the largest single order in its history. Welspun shares surged as much as 17.08% to a fresh high of Rs 2,346.40 apiece on the BSE.
Welspun Corp said it bagged order worth $1.8 billion, or approx. Rs 17,200 crore, for the supply of pipes from its manufacturing facility in the United States of America.
The order will be executed between FY 2028 & FY 2029, Welspun Corp said in a regulatory filing on August 20.
With this order, the company's global order book stands at a record $4.4 billion (~ Rs 42,100 crore) — the highest in its history.
“The North American energy infrastructure market continues to present significant opportunities, and our investments in capacity, technology and customer relationships have positioned us well to capture this growth. With strong multi-year visibility and a robust order book, we are confident of sustaining the momentum and further strengthening Welspun Corp's leadership position in this important market,” said Vipul Mathur, Managing Director & CEO, Welspun Corp.
Welspun Corp is a leading global steel pipe manufacturer, serving oil and gas, water and infra end-markets globally. It operates integrated plants across India, US and Saudi Arabia.
During the first quarter of FY27, the company's net profit rose 42% year-on-year (YoY) to Rs 499 crore, led by strong operating leverage. It saw one-time gain of Rs 548 crore from EPIC stake sale.
The company's revenue in Q1FY27 grew 15% YoY to Rs 4,081 crore.
Its EBITDA during the June quarter increased 35% YoY to its highest ever of Rs 756 crore, while EBITDA margin improved by 270 bps to 18.5%.
At 12:25 PM, Welspun share price was trading 17.08% higher at Rs 2,346.40 apiece on the BSE.
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