Welspun Corp’s stock gained 4% after the company signed a Memorandum of Understanding (MOU) with Saudi Aramco at the IKTVA Forum & Exhibition 2025. The agreement aims to establish a cutting-edge Longitudinal Submerged Arc Welded (LSAW) pipe manufacturing facility in Dammam 3rd Industrial City, Saudi Arabia.
With a production capacity of 350,000 MT annually, the plant will be one of the largest in the region, catering to the rising demand for premium line pipes. Scheduled to commence operations by mid-2026, this initiative underscores Welspun’s two-decade partnership with Saudi Aramco and its role in prominent oil and gas projects across the Kingdom.
Welspun Corp shares opened today at ₹745, reaching a high of ₹767.85 and a low of ₹740.05 during the session. The stock’s 52-week high stands at ₹835, while the 52-week low is ₹440.15. As of 9:23 AM, the shares were trading 4.48% higher at Rs 763.90.
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