Shares of Welspun Corp Ltd shot up 6% on Thursday, 5 June, after the company announced that it had received a repeat export order to supply 50 kilometres of LSAW pipes and bents with anti-corrosion and CWC coating.

According to the business, the order is for a “critical offshore project in the Middle East”.

Welspun Corp reported receiving Rs 450 crore in additional orders for its India pipes project since its previous announcement on 7 May 2025.

The orders will be completed in fiscal years 26 and 27.

On Tuesday, the company’s managing director and CEO, Vipul Mathur, said that it is introducing a new product, Sintex OPVC pipe, and expanding production capacity.  “Sintex OPVC will be a game changer. We are very bullish on that,” he stated.  

Production will begin in Bhopal with two lines, then expand to Raipur and southern India. The company intends to introduce six production lines during the following 9 to 15 months.

Welspun Corp plans to invest Rs 1,000 crore in expanding capacity, particularly for HFIW and LSAW pipe segments, which are in high demand for projects such as hydrogen transport and LNG facilities. These segments necessitate heavy-duty pipes, including 24-inch lines, which the firm could not previously build. The new investment will assist in meeting those demands.

Welspun Corp’s March quarter net profit fell 9.7% to Rs 131.8 crore from Rs 146 crore in the previous year. Revenue increased by 2.7% to Rs 2,646 crore from Rs 2,575.2 crore in the fourth quarter of the previous year.

Welspun Corp profits before interest, taxes, depreciation and amortization (EBITDA) decreased by 12% to Rs 316 crore from Rs 358.6 crore in the previous fiscal. 

The company’s board of directors proposed a final dividend of Rs 1.7 per equity share (face value of Rs 1), or 170%, for FY25. The payment is subject to shareholder approval and will be made to those who held shares on 27 June 2025.

At 12:45 pm, the shares of Welspun Corp were trading 5.11% higher at Rs 958 on NSE.

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