Welspun Specialty shares surged 4% after securing a significant purchase contract from Bharat Heavy Electricals Limited (BHEL), Trichy. The contract, valued at ₹231.78 crore (excluding GST), reinforces Welspun’s position as a leading supplier in the stainless steel industry.
The deal involves the supply of approximately 4,050 tons of stainless steel seamless boiler tubes for multiple supercritical thermal power projects. The company was identified as the L1 bidder for this prestigious project on March 4, 2025. Execution will be carried out progressively over the next 13 months, with completion expected by April 2026.
This competitive bidding win underscores Welspun’s expertise in delivering high-quality stainless steel solutions for critical industrial applications. The contract is a regular business transaction and does not fall under related party transactions.
Welspun Specialty shares opened at ₹30.50, reaching a high of ₹30.63 and a low of ₹29.85. The stock remains volatile, with a 52-week high of ₹55.52 and a low of ₹28.50.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
