Welspun Corp shares surge 9% after Rs 17,200 crore order win; global order book hits record Rs 42,000 crore

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With the latest order, Welspun Corp's global order book has swelled to a record $4.4 billion, equivalent to around Rs 42,100 crore, according to the company. This marks the highest order book in the company's history.

According to the company, the order is the single largest ever awarded to Welspun Corp and is scheduled to be executed between FY 2028 and FY 2029. The company said the record order marks a defining milestone in its global growth trajectory and reinforces its position as a trusted large-scale partner in the global energy and infrastructure sector.

The order is expected to substantially strengthen the company's order book and provide multi-year revenue visibility, Welspun Corp said. The company also described the win as a validation of the scale, quality and execution capabilities of its operations.

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Welspun Corp Q1 Results

Welspun Corp reported a nearly threefold jump in consolidated net profit to Rs 1,048 crore for the June quarter of the current fiscal, from Rs 349 crore in the same quarter a year ago. The increase was driven by higher income, along with a one-time gain from the sale of shares in its Saudi Arabian associate East Pipes Integrated Company (EPIC).Total income for the quarter rose to Rs 4,145 crore from Rs 3,586.5 crore in Q1 FY26.

The company's board also approved the acquisition of an additional 51% equity stake in Welspun Captive Power Generation Ltd (WCPGL) from Welspun Living Ltd (WLL), a promoter group company. The acquisition comprises 1,50,64,213 equity shares, each with a face value of Rs 10, for a consideration of Rs 67.66 crore.

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Following completion of the acquisition, WCPGL will become a subsidiary of Welspun Corp. Welspun Corp's aggregate stake in WCPGL will increase from 23% to 74%.

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