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Welspun Corp gains spotlight after Saudi water project contract win
A large Saudi water infrastructure contract brought Welspun Corp back into focus, even as its shares closed lower, after delivering multibagger returns over multiple years.
Investor focus returned to Welspun Corp after its associate firm, East Pipes Integrated Company for Industry, secured a major manufacturing and supply contract from the Saudi Water Authority. The order is valued at over 485 million Saudi riyals, or approximately Rs 1,165 crore, and carries a six-month execution timeline. The financial impact is expected to reflect across the fourth quarter of FY26 and the first quarter of FY27. Despite this positive development, Welspun Corp shares ended 3.59 percent lower at Rs 797.70 on Monday.