Stories
Six Stocks Soar: Over ₹3,300 Crore in New Contracts Boost Welspun, RVNL, and More
- •Welspun Corp's Saudi associate, EPIC, secured a ₹2,000 crore contract from Aramco for steel pipe supply, to be executed over six months.
- •HEG Advanced won a ₹218 crore order from Indus Towers for lithium-ion battery banks, through its subsidiary Replus Engitech, to be completed by March 2027.
- •RVNL received a ₹405 crore Letter of Award from East Coast Railway for extensive railway infrastructure works on the Khurda Road-Gangadharpur section.
- •Knowledge Marine & Engineering Works bagged a ₹279.33 crore contract from Mumbai Port Authority for a 15-year lease of a battery-operated green tug, expanding its green marine fleet.
- •Welspun Enterprises' subsidiary secured two sewer-line rehabilitation projects in Ahmedabad totaling ₹351.24 crore, significantly boosting its order book.
Key Questions Answered
The six stocks in focus are Welspun Corp, HEG Advanced, Rail Vikas Nigam Ltd (RVNL), Knowledge Marine & Engineering Works (KMEW), Welspun Enterprises, and Refex Industries, following their announcements of fresh multi-sector order wins exceeding ₹3,300 crore.
EPIC signed a contract with Saudi Arabian Oil Co. (Aramco) valued at over 771 million Saudi riyals, which is approximately ₹2,000 crore including value-added tax. The agreement covers the manufacturing and supply of steel pipes to be executed over a six-month period.
Rail Vikas Nigam Ltd (RVNL) received a ₹405 crore Letter of Award from East Coast Railway for third-line project execution works on the Khurda Road-Gangadharpur section. Knowledge Marine & Engineering Works secured a ₹279.33 crore contract from the Mumbai Port Authority for constructing and hiring a battery-operated green tug for a 15-year tenure.
