Welspun Corp shares hit record high after ₹2,000 crore Aramco order; stock up 200% in 12 months

Welspun Corp shares once again rallied on Monday, September 21, in the opening deals, even as the benchmark indices remained subdued.

The stock jumped as much as 5.16% to hit a fresh peak of ₹2,797.60 on the NSE.

The stock witnessed fresh buying interest after the company on Sunday announced that its associate company, East Pipes Integrated Company for Industry (EPIC), a listed entity in Saudi Arabia, had signed a contract with Saudi Arabian Oil Co. (Aramco) for the manufacturing and supply of steel pipes.

The contract is valued at more than SAR 771 million (approximately ₹2,000 crore), including value-added tax.

Key details

Welspun Corp added that the duration of the contract is six months and the financial impact of the contract will be reflected from Q4 FY2026-27 through Q1 FY27-28.

EPIC is Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes.

“Its fully integrated manufacturing facilities, with an impeccable track record of executing mega orders on time & Quality, with a customer-centric approach, positions them as a most preferred supplier in the KSA market and continue to pioneer in supporting KSA’s strategic objectives under Vision 2030,” the filing to exchanges said.

Welspun Corp stock price trend

Shares of the company have gained over 4.5% in the past five trading sessions, 16.65% over the past month, and nearly 250% in the past six months.

The stock is up 237% so far in 2026 (year-to-date) and has gained over 200% in the past 12 months.

Recent order wins

In August 2026, Welspun Corp 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.

“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,” the company said.

The order will be executed between FY 2027-28 & FY 2028-29.

This order substantially strengthens the company's order book, enhances multi-year revenue visibility, and stands as a strong validation of the scale, quality, and execution capability of its operations.

It also reflects deep and growing confidence that major global energy players place in Welspun as a preferred partner for large, complex, mission-critical pipe infrastructure projects, it added.

Welspun Corp Q1 FY27 earnings

The company said its consolidated net profit surged nearly three times to ₹1,047.88 crore in the June quarter of the current fiscal year (Q1 FY27), driven by a growth in income.

It had reported a net profit of ₹349.16 crore in the same period a year ago, the company said in an exchange filing.

The company's total income rose to ₹4,144.91 crore from ₹3,586.52 crore logged in Q1 FY26.

The board also approved the acquisition of an additional 51% equity stake in Welspun Captive Power Generation Ltd (WCPGL) from Welspun Living Ltd (WLL), a promoter group company, comprising 1,50,64,213 equity shares of a face value of ₹10 each, at a consideration of ₹67.66 crore, the company said.

About Welspun Corp

Welspun Corp is a flagship company of Welspun World and is globally known as one of the largest top-tier manufacturers of large-diameter welded line pipes. It serves critical global energy and water infrastructure sectors, including major oil, gas, and water transmission projects across more than 50 countries.