Shares of Welspun Corp Ltd shot up 6% on Thursday, 5 June, after the corporate introduced that it had obtained a repeat export order to provide 50 kilometres of LSAW pipes and bents with anti-corrosion and CWC coating.
In line with the enterprise, the order is for a “important offshore venture within the Center East”.
Welspun Corp reported receiving Rs 450 crore in further orders for its India pipes venture since its earlier announcement on 7 Might 2025.
The orders will likely be accomplished in fiscal years 26 and 27.
On Tuesday, the corporate’s managing director and CEO, Vipul Mathur, mentioned that it’s introducing a brand new product, Sintex OPVC pipe, and increasing manufacturing capability. “Sintex OPVC will likely be a sport changer. We’re very bullish on that,” he said.
Manufacturing will start in Bhopal with two strains, then broaden to Raipur and southern India. The corporate intends to introduce six manufacturing strains throughout the next 9 to fifteen months.
Welspun Corp plans to take a position Rs 1,000 crore in increasing capability, notably for HFIW and LSAW pipe segments, that are in excessive demand for initiatives resembling hydrogen transport and LNG services. These segments necessitate heavy-duty pipes, together with 24-inch strains, which the agency couldn’t beforehand construct. The brand new funding will help in assembly these calls for.
Welspun Corp’s March quarter internet revenue fell 9.7% to Rs 131.8 crore from Rs 146 crore within the earlier yr. Income elevated by 2.7% to Rs 2,646 crore from Rs 2,575.2 crore within the fourth quarter of the earlier yr.
Welspun Corp income earlier than curiosity, taxes, depreciation and amortization (EBITDA) decreased by 12% to Rs 316 crore from Rs 358.6 crore within the earlier fiscal.
The corporate’s board of administrators proposed a closing dividend of Rs 1.7 per fairness share (face worth of Rs 1), or 170%, for FY25. The fee is topic to shareholder approval and will likely be made to those that held shares on 27 June 2025.
At 12:45 pm, the shares of Welspun Corp have been buying and selling 5.11% greater at Rs 958 on NSE.
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