LIC-Backed Pipe Manufacturing Company Secures Rs 700 Crore Export Order From U.S. Facility

Indian equity benchmark indices ended higher on Thursday, with the benchmark Nifty 50 index rising 1.18 per cent to close at 23,689.60. Positive sentiment across metal and industrial stocks supported buying interest in the broader markets. In this segment, shares of Welspun Corp remained in focus after the company announced receipt of a large export order from its U.S. facility. On Thursday, Welspun Corp share price gained 1.09 per cent to close at Rs 1,367.50.

Welspun Corp Receives Large Pipe Supply Order

Welspun Corp announced that it has received a large order valued at approximately Rs 700 crore for supply of LSAW Pipes from its U.S. facility.

The company stated that with this latest order, along with orders secured since March 30, 2026, its consolidated global Order Book has increased to around Rs 25,350 crore (approximately US$ 2.6 billion). According to the company, the current order book provides strong business visibility and operational continuity for both its India and U.S. manufacturing assets. The orders are expected to be executed during FY27 and FY28.

Welspun Corp Shareholding Pattern

According to the March 2026 shareholding pattern, promoters held a 49.73 per cent stake in Welspun Corp. Domestic Institutional Investors (DIIs) increased their holding to 21.49 per cent from 20.55 per cent reported in December 2025, while Foreign Institutional Investors (FIIs) held 11.23 per cent stake in the company.

Public shareholding stood at 17.52 per cent as of March 2026. The company had a total shareholder count of 1,22,338 during the quarter. Life Insurance Corporation of India held a 4.71% stake in Welspun Corp as of March 2026

About Welspun Corp

Welspun Corp is one of India’s leading manufacturers of large diameter pipes and operates across line pipes, ductile iron pipes, stainless steel pipes and infrastructure businesses. The company caters to sectors including oil & gas, water transportation and industrial infrastructure projects across domestic and global markets.

The company has manufacturing facilities located in India, the United States and Saudi Arabia, enabling it to serve international customers efficiently. Welspun Corp continues to focus on expanding its global order book, strengthening execution capabilities and increasing its presence in infrastructure and energy-related businesses.

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Disclaimer: This article is for informational purposes only and not investment advice.