Introduction:
Steel stock has secured new orders worth ₹2,400 crore for coated pipes in the USA’s natural gas pipeline sector. With an order book of ₹20,000 crore, it strengthens its market presence, ensuring quality execution in FY26 and FY27 while maintaining industry leadership.
Share Price movement of Welspun Corp:
On March 17, 2025, Welspun Corp Limited opened at ₹825.60, reaching a high of ₹831.95, up 0.76% from its previous close of ₹810.10, with a low of ₹795.30. The stock is currently trading at ₹810.00, with a market cap of ₹21,250.30 crore.
Welspun Corp received new orders:
Welspun Corp Limited has secured new orders worth approximately ₹2,400 crore for coated pipes in the USA’s natural gas pipeline sector. With this addition, the company’s consolidated order book now stands at around ₹20,000 crore, reinforcing its strong presence in the oil and gas market.
The execution of these orders is scheduled for FY26 and FY27, reflecting continued customer trust in the company’s capabilities. This achievement highlights its commitment to delivering high-quality products and services while maintaining compliance with SEBI’s disclosure regulations.
Also Read: Recently listed stock falls 15% after IPO lock-in expiry, 60% down since listing
Ace investor holding of Welspun Corp:
Ace investor Akash Bhanshali holds a 1.28% stake in Welspun Corp Ltd, with 3,364,376 shares valued at ₹272.5 crore. His investment reflects confidence in the company’s growth potential within the steel sector, reinforcing its strong position in the market.
Stock performance of Welspun Corp for Period of 1 week, 6 months and 1 year:
Welspun Corp’s stock gained 2.14% over the past week, reflecting steady short-term growth. Over six months, it increased by 18.8%, showcasing sustained upward momentum. In the past year, the stock surged 58.3%, highlighting strong investor confidence and consistent long-term performance in the market.
Also Read: Stock jumps 7% after receiving order worth ₹1,267 Cr from Power Grid Corporation and others
Shareholding pattern of Welspun Corp:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 50.01 | 50.01 | 50.03 |
| FII | 11.71 | 11.65 | 10.51 |
| DII | 20.19 | 17.65 | 15.85 |
| Retail & others | 18.09 | 20.69 | 23.59 |
About Welspun Corp:
Welspun Corp is a leading global manufacturer of welded line pipes, catering to the oil, gas, and water industries. With advanced facilities and a strong market presence, it delivers high-quality infrastructure solutions, supporting energy transportation and large-scale pipeline projects worldwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
