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Stock under ₹50 jumps 3% after receiving order to supply 4,050 tons of stainless steel boiler tubes to BHEL

Prominent specialty steel manufacturer secured a ₹231.78 crore contract from BHEL to supply 4,050 tons of stainless steel seamless boiler tubes, with execution scheduled over 13 months starting April 2026.
Stock under ₹50 surges 3% after securing 4,050-ton stainless steel boiler tube order from BHEL.

Introduction:

Leading specialty steel manufacturer has secured a ₹231.78 crore contract from BHEL to supply 4,050 tons of stainless steel seamless boiler tubes for supercritical thermal power projects, with execution planned progressively over the next 13 months starting April 2026.

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Share price movement of Welspun Specialty Solutions:

On March 17, 2025, Welspun Specialty Solutions Ltd opened at ₹30.50, up 4.52% from its previous close of ₹29.18. The stock reached a high of ₹30.63 (4.97%) and a low of ₹29.40. By 12:59 PM, it traded at ₹29.50, a 1.10% increase, with a market cap of ₹1,954.70 crore.

Welspun Specialty Solutions Secures ₹231.78 Crore Order from BHEL:

Welspun Specialty Solutions Limited has been awarded a ₹231.78 crore contract by BHEL (Trichy) for supplying approximately 4,050 tons of stainless steel seamless boiler tubes. The order, part of supercritical thermal power projects, will be executed over 13 months.

This follows Welspun being declared the L1 bidder on March 4, 2025. The contract aligns with the company’s normal business operations and was secured at arm’s length. The progressive execution of the order is set to commence in April 2026.

The awarded contract reinforces Welspun’s strong position in the specialty steel sector. The company remains committed to delivering high-quality products for critical infrastructure projects, further strengthening its relationship with BHEL and expanding its industrial capabilities.

Also Read: Technical Made Simple: 3 Technical Analysis Tools Used by Traders

Recent news on Welspun Specialty Solutions:

As of February 05, 2025, Welspun Corp Ltd reported a 127% YoY surge in net profit to ₹674.7 crore for Q3 FY25, despite a 23.9% revenue decline to ₹3,613.5 crore. EBITDA fell 6.1% to ₹434.4 crore.

Stock performance of Welspun Specialty Solutions for Period of 1 week, 6 months, and 1 year:

Welspun Specialty Solutions Ltd faced a challenging period, with a 6.83% decline in the past week, a 46.4% drop over six months, and a 10.2% fall over the year, reflecting volatility in its stock performance.

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Shareholding pattern of Welspun Specialty Solutions:

ParticularsDec 2024Sep 2024Jun 2024
Promoter55.20%55.20%55.20%
FII0.00%0.00%0.00%
DII0.00%0.00%0.00%
Public44.80%44.80%44.80%

About Welspun Specialty Solutions:

Welspun Specialty Solutions Ltd (BSE: 500365) operates a fully integrated manufacturing facility for stainless steel long products and seamless pipes & tubes, spanning 126 acres in Jhagadia, Gujarat, catering to diverse industrial applications with advanced production capabilities.

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.

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