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Welspun Corp surges as its associate company signs contracts worth Rs 3,670 crore with Saudi Arabian Oil Co

Welspun Corp Ltd. | Steel & Iron Products | Metals & Mining | BSE: 532144 | NSE: WELCORP

03 Jun 2024 Evaluate

Welspun Corp is currently trading at Rs. 563.90, up by 14.45 points or 2.63% from its previous closing of Rs. 549.45 on the BSE.

The scrip opened at Rs. 565.10 and has touched a high and low of Rs. 583.95 and Rs. 553.40 respectively. So far 57683 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 636.95 on 21-May-2024 and a 52 week low of Rs. 258.05 258.05 on 30-Jun-2023.

Last one week high and low of the scrip stood at Rs. 625.00 and Rs. 545.00 respectively. The current market cap of the company is Rs. 14377.29 crore.

The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 22.69% and 27.17% respectively.

Welspun Corp’s associate company -- East Pipes Integrated Company for Industry (EPIC) has signed Multi contracts sign off with Saudi Arabian Oil Co. (Aramco) with value exceeding SAR 1.65 Billion (around Rs 3,670 crore) inclusive of value added tax for manufacturing and supply of steel pipes. The duration of the contracts is 19 months. The financial impact of the contracts will be reflected from 4th Quarter of financial year 2024/2025 to 4th Quarter of financial year 2025/ 2026.

EPIC is Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes. Its fully integrated manufacturing facilities, impeccable track record of execution of mega orders, Quality and customer focused approach enables it to remain well-placed to secure further projects both in the Water and Oil & Gas sector and continue pioneering in supporting KSA’s strategic objectives under the Vision 2030.

Welspun Corp is the flagship company of Welspun Group, which is among the Largest Welded Line Pipe manufacturing companies in the world.

Welspun Corp Share Price

1077.35 0.20 (0.02%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	212.05
JSW Steel	1239.90
SAIL	173.50
Jindal Stainless	787.90
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Welspun Corp surges as its associate company signs contracts worth Rs 3,670 crore with Saudi Arabian Oil Co

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