Key Takeaways:
- Welspun Corp secured a Saudi contract worth more than ₹2,000 crore.
- The contract will contribute to revenue from Q4 FY27 onward.
- Welspun Corp reported ₹1,047.88 crore consolidated net profit in Q1 FY27.
Welspun Corp shares rose as much as 5.16% to ₹2,797.60 on the NSE on Monday, September 21, reaching a fresh peak despite subdued benchmark indices. The buying interest followed the company’s announcement of a major steel pipe supply contract secured by its Saudi Arabian associate.
Saudi associate secures ₹2,000 crore ARAMCO contract
East Pipes Integrated Company for Industry (EPIC), a listed Saudi Arabian company and associate of Welspun Corp, signed a contract with Saudi Arabian Oil Co. (Aramco) for manufacturing and supplying steel pipes.
The contract is valued at more than SAR 771 million, or approximately ₹2,000 crore, including value-added tax. It has a duration of 6 months, with the financial impact expected to be reflected from Q4 FY2026 27 through Q1 FY2027 28.
EPIC manufactures Helical Submerged Arc Welded (HSAW) pipes and operates integrated manufacturing facilities in Saudi Arabia. The new contract adds to Welspun Corp’s business exposure in the Saudi energy infrastructure market.
The development comes shortly after Welspun Corp secured its largest single order in August 2026. The order, valued at approximately $1.8 billion, or nearly ₹17,200 crore, covers the supply of pipes from the company’s manufacturing facility in the United States.
That order is scheduled for execution between FY2027 28 and FY2028 29. Together, the recent contracts add significant order visibility across the company’s operations in Saudi Arabia and the United States.
Welspun Corp shares gain alongside stronger earnings
Welspun Corp shares have recorded substantial gains across several periods. Welspun Corp shares rose more than 4.5% over the past 5 trading sessions and 16.65% over the past month. It has gained nearly 250% over the past 6 months and 237% so far in 2026. The stock has also risen more than 200% over the past 12 months.
The company reported a consolidated net profit of ₹1,047.88 crore for Q1 FY27, nearly 3 times the ₹349.16 crore recorded during the same quarter a year earlier.
Total income increased to ₹4,144.91 crore in Q1 FY27 from ₹3,586.52 crore in Q1 FY26. The earnings growth came alongside higher income during the quarter.
The company has also expanded its ownership in its captive power operations. Its board approved the acquisition of an additional 51% equity stake in Welspun Captive Power Generation Ltd (WCPGL) from Welspun Living Ltd, a promoter group company.
The transaction involves 1,50,64,213 equity shares with a face value of ₹10 each. The consideration for the acquisition is ₹67.66 crore.
The Saudi contract, the recent U.S. order, and the latest quarterly earnings add to the company’s disclosed business activity across energy infrastructure, manufacturing, and power operations. The Saudi agreement is expected to begin contributing to financial results from the fourth quarter of FY2026 27.
