Welspun Corp Shares Gain Up to 5% as Unit Wins Saudi Aramco Order Worth ₹2,000 Crore; Stock Up 240% YTD

Welspun Corp shares rose more than 5% during Monday’s session after its associate company, East Pipes Integrated Company for Industry (EPIC), secured a steel pipe supply contract from Saudi Arabian Oil Co., or Aramco, valued at more than ₹2,000 crore. 

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The stock touched an intraday high of ₹2,797.60 on the NSE. Some of those gains were pared later in the session, with the shares trading at ₹2,721.40, up 2.3%, at around 11:50 am. 

The latest order adds another large contract to EPIC’s operations in Saudi Arabia, where the company manufactures steel pipes. 

Aramco contract valued at over 771 million Saudi riyals 

According to a filing made by Welspun Corp on the stock exchange, EPIC had declared the deal through the Saudi Stock Exchange. 

The deal with Aramco involves production and supply of steel pipes and has a total value of over 771 million Saudi riyals, inclusive of the value added tax. Welspun Corp has estimated the value of the deal to be over ₹2,000 crore. 

The deal is expected to be in effect for six months. 

The effect of the order on the financial performance of the company is expected to be visible starting from Q4 2026-27 up to Q1 2027-28. 

EPIC operates manufacturing facilities in Saudi Arabia 

EPIC is a listed entity in the Kingdom of Saudi Arabia and an associate company of Welspun Corp. 

According to the exchange filing cited in the report, EPIC is Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded, or HSAW, pipes. 

The company operates fully integrated manufacturing facilities and has previously executed large orders in Saudi Arabia. 

The latest contract requires EPIC to manufacture and supply steel pipes to Aramco within the six-month execution period disclosed by Welspun Corp. 

Welspun Corp stock up over 240% in 2026 

Welspun Corp shares were buoyed by the news of the contract on Monday. 

Despite surging more than 5% to ₹2,797.60, the stock pared some of its gains during the day. By 11:50 am, the stock was up 2.3% to ₹2,721.40. 

The stock has seen a strong rally during the year 2026. As per the report that referred to the BSE Analytics data, the shares of Welspun Corp had risen 240.58% in 2026 so far. 

This move in the share price came after the announcement of the Aramco contract with the order being expected to start affecting the company's performance from the last quarter of FY2026-27.