Economy
Welspun Corp Shares Surge on Record $1.8 Billion US Order

Welspun Corp Shares Surge on Record $1.8 Billion US Order

The Economic Times1h
THE BRIEF
1

Welspun Corp shares soared to record highs after the company secured its largest-ever pipe order from the United States, valued at ₹17,200 crore.

2

The massive contract significantly boosts the company's order book and reflects strong demand for steel pipes in the US energy sector.

3

Investors reacted positively to the news, driving the stock price up as analysts upgraded their outlook for the company's FY27 performance.