Welspun Corp hit a fresh record high of Rs 2,266 after bagging its largest-ever order worth Rs 17,200 crore for pipe supply from the US.

The move followed an exchange filing after market hours on Thursday, where Welspun said it had secured the biggest single order in its history, valued at roughly $1.8 billion, for pipes to be supplied from its manufacturing plant in the United States.

The company said the order will be executed across FY28 and FY29. This isn’t a small addition either.

With this contract in hand, Welspun’s global order book has climbed to a record $4.4 billion, or close to Rs 42,100 crore, the highest the company has ever reported. That gives it a fairly long runway of confirmed work stretching well into the next few years.

It also isn’t the company’s first big win this year. Back in late July, Welspun picked up a smaller order worth Rs 960 crore for coated line pipes, also from its US facility.

That came around the same time as its Q1 FY27 results, where consolidated net profit jumped to Rs 1,047.88 crore from Rs 349.16 crore a year earlier, while total income rose to Rs 4,144.91 crore from Rs 3,586.52 crore.

The board also cleared a plan to buy an additional 51% stake in Welspun Captive Power Generation Ltd from group company Welspun Living for Rs 67.66 crore, a move that will make it a subsidiary once completed.

As of 10:23 am, Welspun Corp shares were trading at Rs 2,262.80 on the NSE, up 12.85% or Rs 257.60 for the day.

The stock has gained close to 39% over the past month alone and is now up more than 180% since the start of the year.

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