Welspun Corp shares jump on associate's $209 mln Saudi Aramco order
Shares of Welspun Corp rose as much as 5.2% to 2,797.60 rupees after its associate East Pipes Integrated Company (EPIC) won an order from Saudi Aramco worth about 20 billion Indian rupees ($208.83 million) for manufacturing and supplying steel pipes. The contract duration is six months and its financial impact will be reflected from Q4 FY27 through Q1 FY28.
83 million) on Friday. EPIC said the contract is for manufacturing and supplying steel pipes. The contract runs for six months, and its financial impact will be reflected from Q4 FY27 through Q1 FY28. 61% year to date.
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