India's Welspun Corp jumps on Middle East offshore project order win

Welspun

05/06/2025 06:54

** Shares of Welspun Corp WGSR.NS jump 4.3% to 952 rupees

** Pipe maker receives repeat export order for 50 km of pipes and bends for Middle East offshore project

** India unit has received 4.5 billion rupees ($52.4 million) of orders since May 7 - WGSR

** Over 1.7 million shares traded, 1.2x 30-day moving avg

** Stock up 16.6% YTD

($1 = 85.9310 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))