A leading player in the steel pipe manufacturing industry has recently made significant strides in the energy infrastructure sector. The company has secured substantial orders that underscore its strong market position and strategic growth trajectory.
These recently awarded two contracts, which are cumulatively valued at over Rs. 7,000 crore, are specifically targeted at supporting a critical natural gas pipeline project scheduled for execution in fiscal years 2025 and 2026. The market has responded positively to this news, with the company’s stock experiencing a notable surge.
Share Price Movement
The share price of Welspun Corp Limited went up by 4.4 percent to Rs. 125.42 per share on Monday, an increase from its previous close of Rs. 824.45 per share. The market capitalisation now stands at approximately Rs. 21,078 crore as of December 09, 2024.
What happened
Welspun secured two large orders in the USA for HSAW (Helically Submerged Arc Welded pipes) and HFIW (High Frequency Induction Welded pipes) coated pipes for natural gas pipeline projects. The cumulative order value exceeds Rs. 7,000 Crores, with execution planned during FY25 and FY26, reinforcing the company’s dominant market position in the US oil and gas transmission sector.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Welspun Corp’s consolidated revenue from operations has decreased by 18.6 percent YOY from Rs. 4,059 crore in Q2 FY24 to Rs. 3,302 crore in Q2 FY25 and increased by 5.2 percent QoQ from Rs. 3,137 crore in Q4 FY24.
The company’s consolidated net profit has declined by 26.8 percent, from Rs. 387 crore in Q2 FY24 to Rs. 283 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 14.11 percent QoQ from Rs. 248 crore.
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Market Outlook
The global steel industry remains crucial across sectors like construction, automotive, and infrastructure due to its strength and recyclability. In India, steel production has grown significantly, with a 12.9% year-over-year increase in FY 2023-24. This is part of a broader growth trend, building towards the National Steel Policy’s target of 300 million tons by FY 2030-31.
Shareholding Pattern
As of the December 2024 shareholding pattern, Welspun Corp Limited is primarily held by the promoters at 50 percent, foreign institutional investors hold 11.65 percent, and the public with 26.9 percent.
About Company
Welspun Corp Limited (WCL) is a prominent Indian multinational headquartered in Mumbai, specialising in the manufacturing and supply of large-diameter pipes. Established in 1995 as Welspun Gujarat Stahl Rohren Limited, the company has grown to become a key player in the global pipe manufacturing sector.
Welspun Corp’s product portfolio includes horizontal submerged arc welding (HSAW) pipes, longitudinal submerged Arc welding (LSAW) pipes, electric resistance welding (ERW) pipes, and ductile iron pipes.
The company also offers various coating systems and ancillary services like double jointing, pipe bending, and inventory management. Welspun operates six manufacturing facilities across India (Anjar, Bhopal, Mandya, and Jhagadia), the United States (Little Rock, Arkansas), and Saudi Arabia. Together, these plants have an installed capacity of approximately 2.5 million metric tons.
Welspun Corp has a strong global footprint, serving over 50 countries across six continents. It ranks among the top three line pipe manufacturers worldwide, catering to sectors such as oil and gas, water transmission, and infrastructure development. Recently, Welspun expanded its product lines to include ductile iron pipes and TMT rebars, positioning itself as a diversified player in the industry.
The company’s commitment to Environmental, Social, and Governance (ESG) principles underscores its dedication to sustainability, innovation, and maintaining high standards in its operations. In summary, Welspun Corp Limited is a leading manufacturer with a diverse product range and a global reach that supports various infrastructure needs.
Written By Fazal Ul Vahab C H
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