Welspun Tubular LLC, a step-down subsidiary of Welspun Corp, today conducted the groundbreaking ceremony for the expansion of its HFIW pipe manufacturing facility in Little Rock, Arkansas, USA. This expansion represents a $100 million investment announced on 02 September 2024, to expand and upgrade the company's line pipe portfolio in the United States. Welspun Corp is one of top three manufacturers of large diameter line pipes globally. The expansion is expected to add an additional 175 jobs at its plant in Little Rock. The upgrade is expected to be completed by March 2026.Powered by Capital Market - Live

The company said that execution of these order will be during FY25 & FY26. With addition of these two new orders, value of the cumulative orders received by its USA Plant till date in this Q3FY25 exceeds Rs 7,000 crore. On outlook front, the company said the USA market remains extremely positive for next couple of years and it is fully poised to benefit from more opportunities in the time to come Welspun Corp is primarily engaged in business of manufacture and distribution of steel and steel products. The company's consolidated net profit declined 25.4% to Rs 286.95 crore on 18.7% drop in net sales to Rs 3,301.83 crore in Q2 FY25 over Q2 FY24. The scrip hit an all-time high of Rs 824.50 in today's intraday session.Powered by Capital Market - Live

Welspun Corp Ltd rose for a fifth straight session today. The stock is quoting at Rs 753, up 0.8% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.25% on the day, quoting at 24161.15. The Sensex is at 79896.82, down 0.27%. Welspun Corp Ltd has added around 4.76% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has added around 3.7% in last one month and is currently quoting at 8883, up 0.59% on the day. The volume in the stock stood at 2.73 lakh shares today, compared to the daily average of 8.4 lakh shares in last one month.The PE of the stock is 45.3 based on TTM earnings ending September 24.Powered by Capital Market - Live

Welspun Corp Ltd is up for a third straight session today. The stock is quoting at Rs 700.4, up 1.29% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.76, up 1.27%. Welspun Corp Ltd has slipped around 1.7% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has slipped around 5.1% in last one month and is currently quoting at 8717.4, up 1.19% on the day. The volume in the stock stood at 2.99 lakh shares today, compared to the daily average of 8.11 lakh shares in last one month.The PE of the stock is 41.9 based on TTM earnings ending September 24.Powered by Capital Market - Live

Net profit of Welspun Corp declined 25.40% to Rs 286.95 crore in the quarter ended September 2024 as against Rs 384.67 crore during the previous quarter ended September 2023. Sales declined 18.66% to Rs 3301.83 crore in the quarter ended September 2024 as against Rs 4059.45 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3301.834059.45 -19 OPM %12.109.84 - PBDT452.17551.21 -18 PBT362.96465.53 -22 NP286.95384.67 -25 Powered by Capital Market - Live

Welspun Corp Ltd is up for a third straight session in a row. The stock is quoting at Rs 799.75, up 3.48% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.04% on the day, quoting at 24230.1. The Sensex is at 79668.59, down 0.88%. Welspun Corp Ltd has risen around 15.01% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has risen around 3.54% in last one month and is currently quoting at 9656.45, down 2.16% on the day. The volume in the stock stood at 7.62 lakh shares today, compared to the daily average of 5.9 lakh shares in last one month.The PE of the stock is 40.37 based on TTM earnings ending June 24.Powered by Capital Market - Live

The aforementioned order would be executed in FY26. This win further reinforces our leading position in the USA O&G market. Our outlook for the USA market remains extremely positive. We have also participated in few more projects and are favourably placed in additional 1-2 large projects,' the company said in a statement. Welspun Corp is primarily engaged in business of manufacture and distribution of steel and steel products. The company's consolidated net profit jumped 50.06% to Rs 248.18 crore despite a 22.90% fall in sales to Rs 3,137.23 crore in Q1 FY25 over Q1 FY24. The scrip declined 1% to currently trade at Rs 725.25 on the BSE.Powered by Capital Market - Live

Welspun Corp will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

Welspun Corp Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 729.35, up 1.07% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.79% on the day, quoting at 24774.65. The Sensex is at 80968.72, down 0.65%. Welspun Corp Ltd has added around 7% in last one month. Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has added around 3.76% in last one month and is currently quoting at 9741.7, down 0.83% on the day. The volume in the stock stood at 7.59 lakh shares today, compared to the daily average of 10.26 lakh shares in last one month.The PE of the stock is 37.6 based on TTM earnings ending June 24.Powered by Capital Market - Live

Welspun Corp has received a significantly large order in the USA valued at Rs 2,400 crore (approx.), for supply of Coated HSAW Pipes for a Natural gas Pipeline project. Execution of this order will be during FY25 and FY26. The company said, This win further reinforces our credibility and demonstrate our leading position in the USA market. Our outlook for the USA market remains extremely positive and there are few more projects, where we have participated and are favourably placed for orders.Powered by Capital Market - Live