Welspun Corp

** Shares of Welspun Corp WGSR.NS up 3% to 2,600 rupees

** Jefferies initiates the steel pipe maker with "Buy" and PT of 3,250 rupees, a Street high

** Brokerage says co is well-positioned to benefit from a multi-year upcycle in oil & gas infrastructure spending in U.S. and Middle East, supported by local manufacturing in both regions

** Notes that Saudi Arabia is an attractive market for co, which is well placed as it has a 22% stake in Saudi-based pipe maker EPIC

** Flags slow execution has weighed on near-term demand, while accelerating competition has resulted in lower margins in India

** Expects WGSR to deliver CAGR of 17% in volume and 32%-33% in EBITDA over FY26-29E

** Stock rated as "Strong Buy" on average by 7 analysts; median PT at 2,437 rupees --LSEG compiled data

** YTD, stock up 219.2%

(Reporting by Mridula Kumar in Bengaluru)

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Aug 31 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - UNITS TO NOT PROCEED WITH SALE OF 26% EQUITY STAKE IN CLEANMAX

Source text: ID:nNSE8n6LVj

Further company coverage: WGSR.NS

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Welspun Investments and Commercials Limited, a promoter-group entity of Welspun Corp, sold 60 lakh shares, or 2.27% of the company, through a block deal on August 26, 2026. Its holding fell from 2.56% to 0.29%, while aggregate promoter and persons-acting-in-concert ownership declined from 49.73% to 47.46%. Welspun Corp’s promoter group had also monetised a 4.5% stake in EPIC during Q1 FY27 for ₹724 crore gross. The company reported consolidated revenue of ₹16,770 crore and net cash of ₹202 crore for FY26.

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Aug 25 (Reuters) - Welspun Investments and Commercials Ltd WICL.NS:

• WELSPUN INVESTMENTS: DIVESTMENT OF UPTO 6.8 MILLION SHARES IN WELSPUN CORP AT 2,250 RUPEESPER SHARE FLOOR PRICE

Source text: [ID:]

Further company coverage: WICL.NS

Welspun Corp scheduled a conference call for 21 August 2026 to discuss its largest-ever order win. The call was to be hosted by 360 ONE CM Research at 11am IST, with managing director and chief executive Vipul Mathur and chief financial officer Percy Birdy among the management representatives. The company's consolidated order book stood at ₹25,750 crore on 27 July, after fresh oil and gas export orders worth ₹1,400 crore were added in July. Consolidated revenue was about ₹16,750 crore in FY26, while US line-pipe operations accounted for roughly 45% of steel revenue.

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Aug 21 (Reuters) - Indian steel pipe maker Welspun Corp WGSR.NS said on Thursday it had secured a $1.8 billion order to supply pipes from its U.S. facility, marking the largest contract in its history.

(Reporting by Saikeerthi in Bengaluru; Editing by Sherry Jacob-Phillips)

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Welspun Corp secured its largest-ever single order, worth approximately USD 1.8 billion or ₹17,200 crore, to supply pipes from its manufacturing facility in the United States. The order was scheduled for execution between FY28 and FY29. With the award, the company’s global order book stood at a record USD 4.4 billion, or about ₹42,100 crore. Consolidated revenue was about ₹16,750 crore in FY26, while the order book had stood at ₹25,750 crore on July 27.

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Welspun Corp announced a new order for coated line pipes from its Little Rock, USA manufacturing facility, valued at approximately ₹960 crore. The order lifts the company's consolidated global order book to around ₹25,750 crore, or roughly $2.7 billion, which it called the strongest in its history. Scheduled for execution over FY27 and FY28, the order book provides long-term growth visibility. The company said the new award reaffirms robust revenue visibility and capacity utilisation across its plants in both India and the USA.

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July 27 (Reuters) - Welspun Corp Ltd WGSR.NS:

• GETS ORDER WORTH 9.6 BILLION RUPEES

Source text: ID:nBSE7CYZ9c

Further company coverage: WGSR.NS

(Reporting by Payel Das)

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Welspun Corp has won fresh large orders cumulatively worth ₹1,400 crore for supplying pipes to oil and gas export projects from its India facility. The company’s consolidated global order book now stands at ₹23,650 crore, or about US$2.5 billion. The order book is scheduled for execution over FY27 and FY28, providing strong revenue visibility for the next two fiscal years. The pipe manufacturer had earlier guided for FY27 revenue of ₹20,000 crore and EBITDA of ₹2,850 crore.

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March 30 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - RECEIVES LARGE PIPE ORDER FROM US FACILITY VALUED AT 10 BILLION RUPEES

Source text: ID:nBSE1Xcjcv

Further company coverage: WGSR.NS

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March 24 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - TRANSFERS 22.0% EQUITY IN EAST PIPES INTEGRATED COMPANY FOR INDUSTRY BETWEEN SUBSIDIARIES

• WELSPUN CORP - DEAL VALUE FOR TRANSFER IS SAR 979.90 MILLION

Source text: ID:nBSE8K66Pf

Further company coverage: WGSR.NS

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Jan 30 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - DEC-QUARTER CONSOL NET PROFIT 4.53 BILLION RUPEES

• WELSPUN CORP - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 45.32 BILLION RUPEES

Source

Further company coverage: WGSR.NS

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Jan 7 (Reuters) - Welspun Corp Ltd WGSR.NS:

• RECEIVES EXPORT ORDER FOR PIPES TO AMERICAS

Source text: ID:nBSE99chT9

Further company coverage: WGSR.NS

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Dec 8 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - ASSOCIATE CO ANNOUNCES CONTRACT WITH SAUDI WATER AUTHORITY WORTH OVER 485 MILLION SAR

Source text: ID:nBSE3TLb1B

Further company coverage: WGSR.NS

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Sept 26 (Reuters) - Welspun Corp Ltd WGSR.NS:

• GETS NEW EXPORT ORDER FOR OIL & GAS PIPES

• RECEIVED ADDITIONAL ORDERS VALUED AT 16 BILLION RUPEES FOR INDIA LINE PIPE FACILITY

Source text: ID:nBSE13sYSm

Further company coverage: WGSR.NS

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Aug 22 (Reuters) - Welspun Corp Ltd WGSR.NS:

• SELLS REMAINING 6.1% STAKE IN NAUYAAN SHIPYARD

• SALE CONSIDERATION AT 453.2 MILLION RUPEES

Source text: ID:nBSE99Drvw

Further company coverage: WGSR.NS

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July 29 (Reuters) - Welspun Corp Ltd WGSR.NS:

• JUNE-QUARTER CONSOL NET PROFIT 3.5 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 35.51 BILLION RUPEES

Source text: ID:nNSE88jxVJ

Further company coverage: WGSR.NS

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July 23 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP LTD - SALE OF 9.9% EQUITY STAKE IN NAUYAAN SHIPYARD PRIVATE LIMITED

• WELSPUN CORP LTD - SOLD 9.9% EQUITY IN NSPL FOR 547 MILLION RUPEES

Source text: ID:nNSE5S8nhD

Further company coverage: WGSR.NS

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** 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)

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** Building materials manufacturer Welspun Corp WGSR.NS rises 9.9% to 894.1 rupees after Q4 results

** Stock set for best day in three years, if gains hold

** Co's projects revenue growth of 25% in FY26, benefiting from demand for oil, water and hydrogen pipelines

** Revenue declines 19.4% in FY25 and 12.7% in Q4

** Still WGSR's profit more than doubles to 6.98 bln rupees ($81.50 million) from 2.68 bln rupees a year ago, benefiting from fewer costs amid lower sales

** With session's gains, WGSR up 48.6% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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April 15 (Reuters) - India has launched an auction of three coal bed methane blocks and 55 small discovered fields for exploration and production, said Pallavi Jain Govil, head of upstream regulator Directorate General of Hydrocarbons, on Tuesday at an event in Delhi.
Two of the coal bed methane blocks are in the state of West Bengal and one in the western state of Gujarat.
India also signed contacts for oil and gas blocks, offered under a licensing round earlier this year, Govil said, as the world's third largest oil consumer seeks to boost its local output.

The country imports over 80% of its over 5 million barrels per day of oil needs.
India's top explorer Oil and Natural Gas Corp ONGC.NS signed contracts for exploration of 11 blocks, while Oil India OILI.NS signed for six blocks.
ONGC also signed an exploration contract for one block in tie up with BP BP.L and Reliance Industries RELI.NS, and teamed up with Oil India for three blocks.
Vedanta VDAN.NS signed contracts for seven blocks and Hindustan Oil Exploration Company HOEX.NS for one block.

(Reporting by Nidhi Verma in New Delhi; Editing by Shinjini Ganguli)

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April 10 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - SALE OF FURTHER 10% EQUITY SHARES OF NAUYAAN SHIPYARD TO NAUYAAN TRADINGS

• WELSPUN CORP - SALE CONSIDERATION OF 517.2 MILLION RUPEES

Source text: [ID:]

Further company coverage: WGSR.NS

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March 21 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - APPROVES VOLUNTARY DELISTING FROM CALCUTTA STOCK EXCHANGE

• WELSPUN CORP - TO REMAIN LISTED ON BSE AND NSE

Source text: ID:nBSEbP80XN

Further company coverage: WGSR.NS

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March 17 (Reuters) - Welspun Corp Ltd WGSR.NS:

• RECEIPT OF NEW ORDERS WORTH 24 BILLION RUPEES

Further company coverage: WGSR.NS

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** Shares of Welspun Specialty Solutions WELU.BO rise 4.4% to 31.30 rupees after a five-session losing streak

** Steel products maker says declared lowest bidder to supply 4,050 tons of stainless steel seamless boiler tubes to Bharat Heavy Electricals BHEL.NS

** Says total contract value 2.32 bln rupees ($26.6 mln)

** WELU down ~25% so far in 2025 after gaining 12.9% last year

($1 = 87.0800 Indian rupees)

(Reporting by Vijay Malkar)

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Feb 17 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP - GETS TWO ORDERS WORTH TOTAL 30 BILLION RUPEES

Source text: [ID:]

Further company coverage: WGSR.NS

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Feb 5 (Reuters) - Welspun Corp Ltd WGSR.NS:

• WELSPUN CORP Q3 CONSOL NET PROFIT 6.75 BILLION RUPEES

• WELSPUN CORP Q3 CONSOL REVENUE FROM OPERATIONS 36.14 BILLION RUPEES

• WELSPUN CORP - APPROVES SALE OF SHARES HOLDING 19% STAKE IN WELASSURE TO RAKSHAK SECURITAS

• WELSPUN CORP - TO INVEST 2.50 BILLION RUPEES IN ITS UNIT, WELSPUN SPECIALTY SOLUTIONS

Source text: [ID:]

Further company coverage: WGSR.NS

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** Shares of Welspun Corp WGSR.NS rise as much as 6.1% to 776 rupees

** The pipes and bars maker signs an MoU with Saudi Aramco 2223.SE to establish 350 KMTPA greenfield LSAW pipe facility in the Kingdom of Saudi Arabia

** Stock set to rise most in a day since Nov 25, if gains hold

** WGSR stock gained 48.5% in 2024

(Reporting by Anuran Sadhu in Bengaluru)

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** Indian metal stocks .NIFTYMET climb 1.6% to one month high, set to snap six-session losing streak

** Index is top sectoral gainer, with 12 of 15 members higher

** India's Directorate General of Trade Remedies starts safeguard probe on imports of non-alloy and alloy steel flat products

** Tata Steel TISC.NS up 3.2% and JSW Steel JSTL.NS ~2%

** The duo could benefit most from a safeguard duty, says Investec

** YTD, metals index gains 12.5% vs Nifty 50's .NSEI ~10% rise

(Reporting by Kashish Tandon in Bengaluru)

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