Welspun Corp shares ripped higher on Friday, September 25, trading at ₹2,788.5 on the NSE—a new all-time high. The catalyst? A massive $412.5 million (approx. ₹4,000 crore) contract secured by its US arm, Welspun Tubular LLC. This isn't just a big deal; it’s the largest order in the company’s history by volume, length, and value, according to the BSE filing.
The pipes are for high-frequency induction welding (HFIW), to be manufactured at the company’s newly upgraded mill in Little Rock, Arkansas. This win lands on the back of a strong Q1, where net profit surged to ₹1,047 crore from ₹350 crore a year earlier. Revenue climbed 15% to ₹4,081 crore, and EBITDA margins expanded to 17%, up from 14.7% in the same period last year.
But the Little Rock order is part of a broader momentum shift. Earlier this week, Welspun bagged a ₹2,000 crore order from Saudi Aramco for steel pipes. Add that to the US win, and the global order book now sits at a record $4.7 billion (₹45,000 crore). The company also signed an MoU with Perma-Pipe earlier in September to set up manufacturing and coating facilities in Jordan, signaling aggressive geographic expansion.
Traders are piling in, with the stock up 250% year-to-date. The exchange filing noted that this order "reinforces its long-term strategy of expanding global manufacturing capacity." With the Little Rock mill upgraded and the Saudi Aramco deal locked in, Welspun is positioning itself not just as a local player, but as a global leader in energy infrastructure piping. The next catalyst? How well the Little Rock facility scales production to meet this historic demand.