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Welspun Corp Shares Soar 245% in 2026 After ₹2,000 Crore Saudi Aramco Order
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CNBC TV18•21-09-2026, 09:15
Welspun Corp Shares Soar 245% in 2026 After ₹2,000 Crore Saudi Aramco Order
- •Welspun Corp Ltd. shares extended their 2026 gains to 245% after a 4% jump on Monday, September 21.
- •Its associate company, East Pipes Integrated Company for Industry (EPIC), secured a ₹2,000 crore (771 million Saudi Riyal) contract with Saudi Aramco for steel pipe manufacturing and supply.
- •The six-month contract's financial implications will be reflected from Q4 FY2027 to Q1 FY2028.
- •This order follows Welspun Corp's largest-ever $1.8 billion order last month, bringing its total order book to a record ₹42,100 crore.
- •Welspun Corp's MD & CEO Vipul Mathur expects strong order flows, operating on fixed-price contracts and leveraging its strong position in Saudi Arabia.
Key Questions Answered
Welspun Corp's associate company, East Pipes Integrated Company for Industry (EPIC), signed a contract with Saudi Aramco valued at 771 million Saudi Riyal, which is nearly ₹2,000 crore, for manufacturing and supplying steel pipes.
The duration of the contract with Saudi Aramco is six months, and its financial implications will be reflected from the fourth quarter of the current financial year to the first quarter of fiscal year 2028.
Welspun Corp shares extended their 2026 gains to 245% on Monday, September 21, 2026, following another 4% jump driven by the West Asian order win, making it the best-performing stock on the Nifty 500 index so far this year.
