Welspun Corp shares rise 4% after US subsidiary bags $412.5 million HFIW pipe order
The order, valued at approximately $412.5 million (around Rs 4,000 crore), is the largest in the company’s history in terms of volume, length and value. The pipes will be manufactured at Welspun’s newly upgraded HFIW mill in Little Rock, USA, which has enhanced production capabilities.
According to the company’s filing, the order is scheduled to be executed during FY28 and FY29.
Following the order win, Welspun Corp’s global order book has reached a record $4.7 billion (around Rs 45,000 crore), marking the highest level in the company’s history.
The company said the order highlights the scale and execution capabilities of its operations and supports its strategy of expanding global manufacturing capacity and strengthening relationships with international clients.
Share price performance, valuation and technical indicators
Welspun Corp shares have gained 20% over the past month, while the stock has surged nearly 93% over the last three months. The company currently has a market capitalisation of Rs 72,618 crore, while its 52-week high stands at Rs 2,836.
On the valuation front, Welspun Corp has a price-to-earnings (P/E) ratio of 31.95 and a price-to-book (P/B) ratio of 7.84.From a technical perspective, the stock is trading above all eight key simple moving averages (SMAs).
In the latest June 2026 quarter, foreign institutional investors (FIIs) increased their holding in the company to 14.61%, from 11.23% in the previous quarter.
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