Welspun Corp Ltd

Welspun Corp has subscribed 7,31,07,443 equity shares at a price of Rs. 26.40 per share (Rights issue price), amounting to an investment of ~ Rs. 193.00 crores in Welspun Specialty Solutions (WSSL) through the subscription of Rights Issue. As a result of this subscription, the Company's shareholding in WSSL has increased from existing 50.03% to 51.06% reflecting a 1.03% rise in its stake in WSSL post Rights Issue paid-up equity share capital. Powered by Capital Market - Live

The Board of Welspun Corp at its meeting held on 21 March 2025 has approved the proposal for Voluntary Delisting of its equity shares from the Calcutta Stock Exchange. The Company will continue to remain listed on the stock exchanges with nationwide trading terminals viz BSE and the National Stock Exchange of India. Powered by Capital Market - Live

Welspun Corp will hold a meeting of the Board of Directors of the Company on 21 March 2025.Powered by Capital Market - Live

Welspun Corp has received new orders valued at Rs 2,400 crore for supply of coated pipes for natural gas pipeline projects in USA. With addition of these new orders, the Company's consolidated order book stands at approx. Rs. 20,000 crore. Execution of these orders will be largely during FY26 and FY27.Powered by Capital Market - Live

Welspun Corp Ltd is up for a third straight session in a row. The stock is quoting at Rs 786.95, up 3.84% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.51% on the day, quoting at 22451.5. The Sensex is at 74122.32, up 0.53%. Welspun Corp Ltd has dropped around 1.85% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has dropped around 3.52% in last one month and is currently quoting at 8685.2, up 2.34% on the day. The volume in the stock stood at 4.98 lakh shares today, compared to the daily average of 9.16 lakh shares in last one month.The PE of the stock is 35.09 based on TTM earnings ending December 24.Powered by Capital Market - Live

Welspun Corp Ltd dropped for a fifth straight session today. The stock is quoting at Rs 681.55, down 7.51% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.12% on the day, quoting at 22150.4. The Sensex is at 73194.07, down 0.01%.Welspun Corp Ltd has lost around 5.39% in last one month.Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has eased around 0.07% in last one month and is currently quoting at 8219.25, up 0.93% on the day. The volume in the stock stood at 13.85 lakh shares today, compared to the daily average of 7.58 lakh shares in last one month.The PE of the stock is 34.08 based on TTM earnings ending December 24.Powered by Capital Market - Live

The company received the Certificate of Incorporation on 24, February 2025, issued by the Registradores de Espa'a. The primary objective of this new entity is to engage in the trading of pig iron/crude iron, as well as various types of conduits and systems for fluid transport. These include ductile iron conduits, carbon steel conduits, PVC-O conduits, stainless steel pipes, and water storage tanks. The cost of the acquisition and the tenure were not disclosed in the regulatory filing. Welspun Corp is primarily engaged in the business of the manufacture and distribution of steel and steel products. The company's consolidated net profit zoomed 131.2% to Rs 674.70 crore in Q3 FY25 as against Rs 291.86 crore posted in Q3 FY24. Revenue from operations was at Rs 3,613.51 crore in Q3 FY25, down 29.9% year on year. Shares of Welspun Corp slipped 0.89% to Rs 758.10 on the BSE. Powered by Capital Market - Live

Welspun Corp Ltd is up for a third straight session today. The stock is quoting at Rs 788.15, up 2.48% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.43% on the day, quoting at 22814. The Sensex is at 75373.53, down 0.48%. Welspun Corp Ltd has gained around 1.08% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has gained around 2.01% in last one month and is currently quoting at 8523, up 1.38% on the day. The volume in the stock stood at 4.75 lakh shares today, compared to the daily average of 6.43 lakh shares in last one month.The PE of the stock is 35.6 based on TTM earnings ending December 24.Powered by Capital Market - Live

'The two large orders included HSAW pipes and additional orders for HFIW pipes for the supply of coated pipes, primarily for natural gas pipeline projects. The execution of these orders was expected to be largely carried out during fiscal years 2026 and 2027,' it added. 'These wins continue to reinforce our leading and dominant market share in the USA O&G transmission space. Our outlook for the USA market continues to remain positive for the next few years, and Welspun is fully poised to benefit from more opportunities in the time to come,' the company stated in regulatory filing. With the addition of these new orders, the value of the company's consolidated order book stood at approximately Rs 18,000 crore. Welspun Corp is primarily engaged in the business of the manufacture and distribution of steel and steel products. The company's consolidated net profit zoomed 131.2% to Rs 674.70 crore in Q3 FY25 as against Rs 291.86 crore posted in Q3 FY24. Revenue from operations was at Rs 3,613.51 crore in Q3 FY25, down 29.9% year on year. Shares of Welspun Corp declined 2.39% to Rs 721.90 on the BSE. Powered by Capital Market - Live

Welspun Corp has received new orders in the USA including two large orders for HSAW Pipes and additional orders for HFIW Pipes, valued at approx. Rs 3,000 crore for supply of coated Pipes primarily for Natural Gas Pipeline Projects. Execution of these orders will be largely during FY26 and FY27. With addition of these new orders, value of our Company's consolidated order book stands at approx. Rs. 18,000 crore. Powered by Capital Market - Live