Welspun Corp Limited, a flagship company of the Welspun Group, has been making headlines with its recent success in securing multiple line pipe orders. The company’s associate company, East Pipes Integrated Company for Industry (EPIC), recently secured a significant contract with Maramer Contracting Company, valued at over SAR 60 million (approximately Rs 133 crore). This win is expected to have a positive impact on EPIC’s financial results for the 2024/2025 financial year.
In addition to this contract, Welspun Corp Limited has been awarded contracts worth approximately Rs 872 crore for pipes in both India and the USA. The company also secured a binding Letter of Award (LOA) valued at approximately Rs 611 crore for exporting line pipes to Latin America. These successes have contributed to the company’s robust order book of Rs 7,200 crore.
Investors are taking notice of Welspun Corp Limited’s performance, as the stock has given multibagger returns of 165 per cent in just 1 year, outperforming the BSE Industrials Index, which is up by 84 per cent. With a market cap of over Rs 15,000 crore and a healthy dividend payout of 36.7 per cent, the company is gaining traction among investors looking for growth opportunities.
Welspun Corp Limited’s success in securing lucrative contracts and delivering strong financial performance highlights its position as a key player in the line pipe manufacturing industry. With a focus on sustainability, technology, and innovation, the company is well-positioned to capitalize on the growing demand for large-diameter pipes in various industries worldwide. Investors are advised to keep an eye on this Mid-Cap stock as it continues to expand its business and deliver value to its shareholders.
