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5 min read | Updated on August 21, 2026, 08:33 IST
SUMMARY
Welspun Corp said said it has secured the largest single order in its history — valued at approx $1.8 billion (nearly ₹17,200 crore) — for the supply of pipes from its manufacturing facility in the United States of America (USA).

The GIFT NIFTY futures suggest that the NIFTY50 index will open 26 points higher.
The domestic stock market is expected to open in the green on Friday, August 21. The GIFT NIFTY futures suggest that the NIFTY50 index will open 26 points higher.
"This record-breaking order is the single largest ever awarded to the company and marks a defining milestone in its global growth trajectory, reaffirming its leadership position as a trusted, large-scale partner to the global energy and infrastructure sector," it said.
The order will be executed between FY 2028 & FY 2029.
Rising oil prices may also weigh on aviation stocks such as InterGlobe Aviation (IndiGo) and SpiceJet, besides paint companies including Asian Paints, Berger Paints and Kansai Nerolac, and tyre makers like MRF, Apollo Tyres and CEAT, as crude-linked derivatives are key input costs.
New York-headquartered General Atlantic, through its arm General Atlantic Singapore Fund Pte Ltd, sold more than 1.51 crore equity shares, representing an 8.75% stake in Mumbai-based KFin Technologies, according to block deal data on the NSE.
The shares were disposed of at an average price of ₹925 apiece, taking the deal size to ₹1,399.99 crore.
Following the transaction, General Atlantic's holding in KFin Technologies declined to 13.14% from 21.89%.
The move is aimed at enhancing domestic availability and capping price rise.
To control prices, the government has also imposed a stockholding limit on bulk consumers who use more than 10 tonnes of sugar a month, capping their stock at 15 days' consumption.
Sugar stocks could react negatively as sugar mills have benefited from record ex-mill prices. Higher imports increase supply, which could cap further price hikes and weigh on margins.
These include the Copper-Doped Alloy, developed for high-performance automotive applications, and the Vedanta Foundry Alloy (VFA), a versatile material for enhanced durability, developed in collaboration with IIT Delhi.
The two innovations represent a new frontier in the development of next-generation automotives, enabling lighter, safer, and more efficient vehicles, fuelling new possibilities in the automotive sector, the press release said.
The commercial order is worth ₹190 crore and will be supplied by Saatvik Solar Industries Private Limited, a material subsidiary of the company.
Worth ₹164.79 crore, the order involves setting up an MPLS VPN network for WCL on a rental basis for a period of 60 months.
The domestic order is expected to be completed by September 20, 2031.
This week, the Navratna public sector undertaking (PSU) firm had also secured an extension of a work order. Worth ₹166.80 crore, RailTel received a one-year extension of the work order from the Employees' Provident Fund Organisation (EPFO) for providing Infrastructure-as-a-Service (IaaS) through the company.
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