Shares of Welspun Corp surged more than 13% in Friday's trading session after the company announced its largest-ever single order worth $1.8 billion, or approximately ₹17,231 crore.
The order will be executed through Welspun Corp's US manufacturing operations between the financial years ending March 2028 and March 2029. Following the announcement, investor interest in the stock increased sharply.
Welspun Corp Share Price Rises Over 13%
On the NSE, Welspun Corp shares climbed 13.45% to ₹2,286.40 during Friday morning trading.
The strong rally came after the company disclosed the record pipe-supply contract through an exchange filing. The order is the largest single contract secured by the company so far.
Chairman Balkrishan Goenka leads Welspun Corp, which is part of the Welspun Group.
$1.8 Billion Order Takes Order Book to Record High
Welspun Corp said the new contract will be executed between FY2028 and FY2029. The company has not disclosed the identity of the customer or details regarding the quantity and specific types of pipes involved.
Following the order win, Welspun Corp's global order book has reached a record $4.4 billion.
The company said the contract significantly strengthens its order book and provides revenue visibility for several years, while also highlighting the scale and execution capabilities of its operations.
US Emerges as Welspun Corp's Key International Market
The United States is Welspun Corp's largest market outside India.
For the financial year ended March 2026, the US contributed 27.2% of the company's revenue, while India accounted for 71.7%. Other international markets contributed the remaining 1.1%.
The large US order therefore further strengthens the company's position in one of its most important overseas markets.
Welspun Corp Stock Gains 19% in Five Sessions
The company's shares have been on a strong upward trajectory. The stock has gained around 19% over five consecutive trading sessions.
It has also recovered approximately 78% from its 52-week low of ₹107.40 recorded on March 30, 2026.
The latest order announcement has further boosted investor sentiment around the company's growth prospects and future revenue visibility.
What Does Welspun Corp Do?
Welspun Corp is a major player in the pipe manufacturing and infrastructure sector, with operations serving domestic and international markets.
The company manufactures and supplies pipes for applications including energy and infrastructure projects. Its strong presence in the US market has helped it establish a significant international business.
Welspun Group's Other Businesses
The broader Welspun Group also operates in several sectors.
Welspun Living, another group company, is a global home-textiles business with operations across home textiles, advanced textiles and flooring solutions. The company exports products to more than 60 countries and has a significant presence in the US and Europe.
Welspun Living also generates a substantial portion of its revenue from innovation-led products.
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