Shares of Welspun Corp rallied as much as 5% to their day's high of Rs 2,791 on the BSE on Monday after its associate company secured a fresh order from Saudi Aramco for the manufacturing and supply of steel pipes. The stock has already gained 232% so far in 2026, making it the best performer on the Nifty 500 index this year, ahead of HFCL's 216% rise.
In an exchange filing overnight, Welspun Corp said its associate company East Pipes Integrated Company for Industry (EPIC), which is also listed in Saudi Arabia, has signed a contract with Saudi Aramco. The disclosure was also made to the Saudi stock exchanges. The order is valued at 771 million Saudi Riyal, or nearly Rs 2,000 crore.
