Welspun Corp Shares Rise After Saudi Aramco Order Win

Welspun Corp climbed as much as 5% on Monday after its associate company secured a major contract from Saudi Aramco. East Pipes Integrated Company for Industry (EPIC), a listed entity in Saudi Arabia, signed a deal with Aramco for the manufacturing and supply of steel pipes valued at over 771 million Saudi riyals, or approximately Rs 2,000 crore, including VAT. The stock touched an intraday high of Rs 2,797.60 on the NSE before settling around Rs 2,721.40, up about 2.3% amid profit booking. According to a company filing, the six-month contract’s financial impact will reflect from the fourth quarter of FY2026-27 through the first quarter of FY2027-28. EPIC is described as Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) pipes, with fully integrated facilities and a strong record of executing large orders in the Kingdom.