India's Welspun Corp jumps after associate co wins $209 mln Saudi Aramco order
21/09/2026 05:18
BUZZ-India's Welspun Corp jumps after associate co wins $209 mln Saudi Aramco order ** Shares of Welspun Corp WGSR.NS rise as much as 5.2% to 2,797.60 rupees
** WGSR's associate co East Pipes Integrated Company (EPIC) 1321.SE on Friday won an order from Saudi Aramco 2223.SE worth about 20 billion Indian rupees ($208.83 million)
** EPIC gets order for manufacturing and supplying of steel pipes
** The duration of the contract is six months and the financial impact of the contract will be reflected
from Q4 FY27 through Q1 FY28
** YTD, WGSR up 237.61%
($1 = 95.7700 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
Recent news on Welspun
See all newsJefferies increases weight in India's large-caps ahead of expected RBI rate hike
India's Welspun Corp rises on $412.5 million order
India's Welspun US unit wins $412.5 million pipe supply order (updated)
India's Welspun Corp's wins $412.5 million order for supply of pipes
Brief: Welspun Corp Unit Secures Largest-Ever HFIW Pipe Order Valued At USD 412.5 Million